Money Back Plans
Money back plans offer a true amalgam of insurance and investment to secure your family financially.
The money-back policy from Life Insurance Corporation in India is a popular insurance policy. It provides life coverage during the term of the policy and the maturity benefits are paid in installments by way of survival benefits in every 5 years. The plan is available with 20 years and 25 years term.
Money back plans protect your family’s financial interests from circumstances such as death or critical illness of the policyholder. Periodic payouts create wealth for meeting financial commitments at key stages in life.
This policy is suitable for risk-averse individuals who wish to save through an insurance plan and also maintain liquidity throughout. In case of death of the insured person, the nominee gets the entire sum assured and the survival benefits are not deducted.