Money Back Plans
This plans offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term.
Money Back Plans also takes care of liquidity needs through its loan facility.
This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders.
Benefits:
- Enables long-term savings and regular income.
- There are optional riders that cover things like specific illnesses, critical illnesses, disabilities, etc.
- Pays out regular benefits throughout the term.
- Provides insurance cover during the policy term.
Features:
- Comprehensive life insurance cover against death.
- The amount payable on death is the Sum Assured plus all bonuses, as a lump sum, irrespective of all survival benefits paid earlier.
- Surrender Values are available.