4 Big Benefits of Money Back Policies

4 Big Benefits of Money Back Policies

Have you been looking for one of the best investment options? Are you planning to buy a money back policy? If this life insurance policy type is one of your considerable choices, learn that it would be highly beneficial for you if you go with a money back policy.

Money back policies are those life insurance policies that come with an investment as well as insurance option. What’s best is that these policies provide one with guaranteed returns at regular intervals. Money back policies act as one of the key solutions that provide financial protection to one’s family members in the case of the unfortunate death of the sole earning member of the policy.

If you have been indecisive about buying a money back policy, rest assured the purchase would be worthwhile.

4 Big Benefits of Money Back Policies

Money back policies come with multiple features and benefits that work in the favor of the policyholder and their family. Below mentioned are 4 prime benefits of money back policies that make them a worthwhile purchase:

Regular Income Source

One of the key features of money back policies is that they provide frequent payouts during the policy duration. These frequent payouts are also referred to as 'survival benefits,' which are a percentage of the sum assured. This preset amount is paid at regular intervals till policy maturity. It must be noted that the benefit is payable only till the time the policyholder survives. In the case of the policyholder's death, the survival benefits do not accumulate anymore.

Low Risk Exposure

Money back policies do not feature the risk factor that is present in financial instruments like mutual funds and stocks. Money back plans are the ultimate combination of insurance and return products and do not come with any sort of risk. Anyone having a low risk appetite can definitely opt for money back policies.

Assured Return on Investment

One of the key benefits of money back plans is that they offer an assured return on the invested amount. In case of money back policies, one does not have to worry about losing out on their investment. Rather, one can build their wealth other than saving their life through such investment opportunities.

Insurance Coverage

Financial support is the utmost need at a time in the event of the policyholder’s death. At a time like such, the policyholder’s family becomes financially distrubed. In a case like such, a money back policy comes across as the ultimate savior as it provides financial security to the surviving family members so that they can meet their various obligations once the sole earning family member is no longer there to provide. In case the policyholder dies, the nominee receives sum assured even if they have been paid the survival benefits.

Money back policies have become one of the most popular insurance and investment options. If you too want to buy one, go ahead and contact InsuranceDekho experts right away!

Also Read:

Eligibility Requirements To Purchase A Money Back Plan

This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.