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Invest in the smartest money back policies - choose yours now

In Money back policy simply means that money comes back to the life insured after a specific interval of time as survival benefit

Invest in the smartest money back policies - choose yours now
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When it comes to financial security, almost everyone knows about investment policies. However, with endless variations and options, it can be intimidating to choose a financial backup solution to safeguard your family.

If you’re looking for an investment opportunity that provides you a regular and steady flow of income, the money back policy is certainly made for you. It can be considered as a unique compilation of savings and insurance. According to this plan, you can receive joint benefits of money redemption and insurance at regular intervals. It’s specifically designed for individuals looking for a low-risk financial plan that can assure good returns during the tenure.

Benefits of a Money Back Policy

The most prominent reason to purchase a money back policy is the consistent flow of income that it provides at specific intervals. This investment plan ensures that you can meet the financial expectancies of your family at several stages of your life throughout the policy’s tenure.

Additionally, as stated above, it also offers you the benefits of both investment and insurance. There’s also a guaranteed return on investment advantage along with an opportunity to grow your funds using several investment instruments available in the market.

If you’re looking for a plan that provides you with both, a fixed source of income and financial protection, this is certainly a perfect match for you. Now let’s take a look at some of the best money back plans available in India.

Best Money Back Policies in India

 Before purchasing a policy, you must make sure that you research the company to get good returns out of your investment. Here’s a list of some of the best money back plans available in India for a financially secure future:

Aviva Dhan Samruddhi

The Dhan Samruddhi plan offered by Aviva is a traditional plan that allows you to save capital for a specified time and offers payout once every five years. This plan is ideal to fulfil both your short-term and long-term financial requirements because it provides a guaranteed maturity benefit.

Bharti AXA Life Child Advantage 

Bharti AXA also provides a traditional money back policy that allows you to choose between money back and maturity benefits. You decide to choose either of them as per your requirements and future goals. The plan also includes an innate premium waiver benefit that makes it even more attractive.

Edelweiss Tokio Life Cashflow Protection Plan

Classified as a participating savings plan, this investment policy by Edelweiss provides you with a financial safeguard until you reach hundred years of age. Moreover, it also offers a cash benefit in the form of a non-guaranteed advantage paid at the commemoration of the policy every year.

Canara HSBC Oriental Bank of Commerce Life Insurance - Money Back Advantage Plan

Canara HSBC Oriental Bank of Commerce Life Insurance offers a traditional non-linked participating premium payment endowment policy known as the money back advantage plan. This money back plan is a savings plan that offers guaranteed payouts during the policy tenure in the form of a lump sum amount along with some additional bonuses.

HDFC Life Super Income Plan 

HDFC helps you live hassle-free in the future without worrying about your expenses with their super income plan. It allows you to reach your financial goals without much effort. The best thing is that you don’t have to undergo any medical examination to get this plan.

IDBI Federal Guaranteed Money Back Insurance Plan

Along with a guaranteed monthly income, the IDBI Federal Income Insurance Guaranteed Money Back Policy also provides you a lifelong cover. It requires you to pay your premiums until five years of the policy tenure and then you can gain a lifetime cover throughout the policy deadline.

ICICI Pru Cash Advantage 

The ICICI Pru Cash Advantage Policy acts as an addition to your regular income, along with a guaranteed cash benefit. The payout begins right after the end of your policy tenure. The return is offered as a lump sum amount that helps you secure your future financially.

Future Generali Assured Money Back Plan 

This money back plan offered by Future Generali offers you four different terms to pay your premium payments. The plan is designed specifically to help people who don’t have a consistent and regular source of income. It also offers benefits on the maturity of your plan.

Bajaj Allianz Cash Assure 

Cash Assure is yet another traditional money back plan that also offers a blend of savings and protection. This plan provides liquidity as money back at specified intervals of time. The tenure of this plan can range between 16-28 years with a minimum sum of Rs 1,00,000.

ABSLI Vision Money Back Plus Plan 

With a maximum entry age of sixty years, the Money Back Plus Plan by ABSLI is another non-participating investment plan that assures the minimum assured sum to be 180 times more than your monthly paid premiums. It also offers a double accidental benefit rider to the policyholder.

 Kotak premier Money Back Plan 

If you’re looking to gain consistent payouts at regular intervals throughout the tenure of your policy, this plan by Kotak Premier is an ideal option for you. If you die during the policy tenure, your selected nominee also gets an additional payout under this plan.

PNB MetLife Money Back Plan 

This investment scheme ensures financial security for your dependents and family in case of any unprecedented incidents by providing you a regular income. It also makes premium rebates accessible for increased sum assured and premium paying mode.

The Takeaway 

 Money back policies are one of the best ways to cover your finances in the future. Before you proceed with any plan, you must make sure that you understand all the merits and demerits attached to the plans to get the best return on investment.

There are a lot of insurers in the market that offer money back plans at very affordable rates. Along with the base plan, you can also choose to add several bonuses and riders as per your requirements and convenience.

With the list of best money back plans in India given above, you can surely cut through hours of research and make a decision faster. Therefore, assess your requirements properly and safeguard your future financially with the help of money back plans.

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