Money Back Plans
Money-back plans are one of the most popular life insurance plans in India. Under these plans, the policyholders receive frequent payouts as the death benefit, in case the policyholder survives. These packages include both insurance and investment plans. Periodic payouts create wealth for meeting financial commitments at key stages in life. Money-back plans to protect your family’s financial interests from circumstances such as death or critical illness of the policyholder.
A money back plan is ideal for people who want a guaranteed return on their investments and are looking for regular payouts at the same time in addition to an insurance cover for themselves for the same money they are putting in as premium. The survival benefit, as the name suggests, is a reward from the company to the insured individual for surviving. This benefit is only payable if the insured is alive. In case of occurrence of an unfortunate event that results in the death of the insured party, these survival benefits do not accrue any more.
પોસ્ટ ગમે તો અહીં લાઈક ઉપર ક્લિક કરો.