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About Moneyback Life Insurance Plans in India
Money back policies are quite similar to endowment insurance plans where the survival benefits are payable only at the end of the term period. 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.
Money back policies are an excellent investment options with good return on investment, best suited for working professionals. Regular money is paid at specified intervals in future to meet the specific or planned expenses. At the same time, the policy provides insurance protection for the family as well as old age provision.