Money Back Plans
Money Back Plan is a unique type of life insurance policy that offers the dual benefit of insurance protection and periodic returns. Unlike traditional endowment plans that pay a lump sum only at maturity, Money Back Plans provide regular payouts throughout the policy term, ensuring liquidity at crucial stages of your life — all while securing your family’s future.
What is a Money Back Plan?
A Money Back Insurance Plan is a savings-cum-protection policy that pays a percentage of the sum assured at regular intervals during the policy term. The remaining sum assured, along with bonuses (if applicable), is paid on maturity or in case of the policyholder’s demise.
- Child’s education
- Marriage
- Down payment for a house
- Emergency medical needs
Key Features of Money Back Plans
- Survival Benefits: Regular payouts during the policy term.
- Life Insurance Cover: Protection for your family in case of your untimely demise.
- Maturity Benefit: Remaining sum assured plus bonuses (if any) at the end of the policy term.
- Bonus Additions: Enjoy reversionary and terminal bonuses depending on the insurer’s performance.
- Liquidity Advantage: Ideal for people who want cash at various life stages.
- Tax Savings: Eligible for deductions under Section 80C and tax-free returns under Section 10(10D).
Who Should Buy a Money Back Plan?
- Individuals with regular financial commitments
- Parents planning for their children’s future
- Salaried professionals wanting low-risk guaranteed returns
- Those who want insurance with assured periodic payouts
Why Choose Trustverge Insurance Brok?
Trustverge Insurance Brokers, we help you compare and choose the most reliable and rewarding Money Back Plans from India’s top insurance providers. Our advisors ensure your policy fits your budget and life goals, while offering expert claims support and transparent service.
