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MONEY BACK POLICY

'MONEY BACK POLICY' plan is an excellent plan with good return on reinvestment, best suited for businessmen and professionals. Money is available at regular intervals in future to meet the specific expenses such as children's education or marriage. At the same time, the policy provides insurance protection for the family as well as old age provision.

Salient Features

  • A policy where lump sum amounts are paid to the life assured at periodic intervals on survival.
  • In case of death of the life assured within the term, the total sum insured is paid to the nominee, irrespective of earlier survival benefits.
  • Bonus is payable under this scheme.
  • Premiums are to be paid regularly to get survival benefits.
  • Premiums cease at death or on expiry of term whichever is earlier.
  • This plan can be availed of for terms 20 or 25 years .

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