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Money Back Plans
Money Back Plans
Enjoy Insurance Benefits And Get Your Money Back
Under
Money back policy, survival benefits are spread over the term of the policy
i.e. certain percentage of sum assured is paid at regular intervals before the
maturity date. Full sum assured is payable on death within the term
irrespective of earlier survival benefits i.e. even after payment of survival
benefits the risk cover on the life continues for the full sum assured and
bonus is also calculated on the full sum assured. If the policyholder survives
till the end of the policy term, the survival benefits are deducted from the
maturity value.
