Money Back Life Insurance Policy

Money back policies are quite similar to endowment insurance plans where the survival benefits are payable only at the end of the term period ,plus the added benefit of money back policies is that they provide for periodic payments of partial survival benefits during the term of the policy so long as the policy holder is alive.

An additional and important feature of money back policies is that in the event of death at any time during the term of the policy, the death claim comprises full sum assured without deducting any of the survival benefit amounts.The insurance premium of Money Back Policies are higher than Term Insurance Policy because in Term Insurance there is no survival benefits after the expiry of the insurance period. Money Back Policies are good for people who want to Insure their life and also want to some return from their investment's at a later date. The return from investments in Money Back Policies would range between 5% to 8% anually depending on the interest rate movements.

LIFE Insurance Corp.- LIC  |   ICICI Prudential Life Insurance India  |   BAJAJ Allianz Life Insurance India  |   BIRLA SUN Life Insurance India  |   TATA AIG Life Insurance India  |   HDFC Standard Life Insurance India  |   RELIANCE Life Insurance India  |   SBI Life Insurance India  |   OM KOTAK Life Insurance India  |   MAX NEW YORK Life Insurance India  |   METLIFE Insurance India  |   ING VYSYA Life Insurance India  |   AVIVA Life Insurance India  |   BHARTI AXA Life Insurance India  |   SAHARA Life Insurance India  |  

 RELIANCE General Insurance India  |   ICICI Lombard General  |   BAJAJ Allianz General Company  |   TATA AIG General Insurance  |   HDFC CHUBB General Insurance  |   IFFCO TOKYO General Company  |   ROYAL Sundaram General  |   CHOLAMANDALAM General  |   STAR Health Insurance India  |   ORIENTAL Insurance India  |   NATIONAL Insurance India  |   UNITED INDIA Insurance India  |   NEW INDIA Assurance India