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Money Back Policy
Buy all kind of Insurance Plans at a Single PlatformGet Higher Returns with Protected Future
About the money-back policy
When a person is willing to buy a money-back policy, they will come across certain terminology that acts as a decisive factor in choosing a policy. The premium paid defines the total amount insured and each return policy can be differentiated on this basis. With higher premiums, shorter policy terms and higher bonuses, there are policies that provide the insured sum in the last years of the policy. With moderate premiums, moderate bonuses and long terms, there are policies that provide equitable amounts of insured sums at regular intervals of policy terms.
Why buy money back policy?
A reliable source of income from our investment at regular intervals with insurance coverage for our lives is a simple way to define the money-back policy. The fact that the survival benefits are shared at regular intervals during the term of the policy makes it different from an ordinary staffing plan in which the policyholder has to wait until the full term is completed to obtain the same. In the event of premature death of the policyholder during the term, the total amount insured can be claimed regardless of the survival benefits obtained during the previous terms.
Benefits of a money-back policy
Conditions
How to Select the Best Money-Back Policy
One must meet the entry age criteria as mentioned in the policy wordings before purchase. One can’t extend the policy beyond the maximum age allowed under the money back plan.
Decide the number of years you want to stay invested and choose the number of pay-outs throughout the policy duration which you are comfortable in paying without any difficulty.
What are the add-on benefits that you are getting in your policy and how you can pay your premiums – monthly, quarterly or annually.
