Banks have come up with new money-back insurance policy, which is far more rewarding than old conventional LIC policies.
This policy guarantees for you to receive money while it is continuing.
Lets learn more about money back insurance policy !
1 ) Money Back Insurance Policy gives back money at regular intervals during tenure of the plan. These benefits are also called survival benefits.
2 ) In case the policyholder dies during the tenure of the plan, the assured sum is paid irrespective of the fact that the survival benefits have been paid.
Other key features of Money Back Insurance Policy are.....
These plans come as participating plans, and total amount of bonus is paid at time of maturity of policy or death of the person.
It offers rider benefits which is lump sum amount that is paid only when contingency covered by rider occurs during tenure of plan.
1 ) LIC Money Back Policy-20 years.2 ) Bajaj Allianz cash Assure.3 ) SBI Life Money Back Gold.
Best Money-back Insurance Policies are
4 ) LIC Money Back policy for children.5 ) Canara Smart Stage Money Back plan.