Best Short-Term Money Back Policies in India 2021

Investments can be done in two types on the basis of tenure i.e short term investments and long term investments. Short term investments are specially designed to provide appreciable returns in a short period of time which can be month or a year to meet future expenses. 

Money Back Policy provides you with a steady flow of income at regular intervals to meet living expenses during the policy tenure.This plan offers you guaranteed returns on investment and acts as a wealth booster for you through its Liquidity feature. 

Money Back Policy is an ideal solution for those who are looking for protection as well as a fixed source of income in a single plan. Persons who have goals of buying a car or have a luxury vacation are most likely to invest in Short Term Investment Plans. Short Term Investment Plans rank high on the popularity charts owing to low risk associated. But one cannot expect massive results as long term investments. 

In this article, we are going to discuss some best Money Back Policy which is for a short span of time to fulfill future nearby expenses.You do not need to wait for long in order to get your money multiplied. 

Best Short Term Money Back Policy

There are some best short term Money Back Policy which are on top of the list are as follows: 

• LIC New Money Back Plan – 20 years

This Money Back Policy is a traditional, participating, non- linked which provides guaranteed returns along with additional bonus. LIC New Money Back Plan is for 20 years tenure and the 20% of the lump sum amount is paid to the policyholder after the end of 5th, 10th, 15th year. Premium needs to be paid for 15 years and the policy continues for 20 years. This plan comes with a tax free benefit. 

• HDFC Life Super Income Plan

This Money Back Plan is a non-linked, limited pay and participating plan that offers guaranteed income. HDFC Life Super Income Plan is an ideal solution for those who are looking for a regular source of income so that they do not need to worry about future expenses and can live their life without any financial hassles. This policy covers maturity and death benefits with accumulated bonus. The tenure lies between 10 to 15 years. 

• SBI Life Smart Money Back Gold

This Money Back Plan offers twin benefits of life cover as well as regular income to fulfill financial needs during difficult circumstances. This policy offers security to your family's future, reliability in the form of getting guaranteed returns at regular intervals and flexibility to choose money back option according to your requirements. SBI Life Smart Money Back Gold is a traditional, participating, Non-linked, life insurance saving plan. 

• Bajaj Allianz Life Cash Assure

This plan is a mixture of protection and saving. Bajaj Allianz Life Cash Assure is a traditional Money Back Plan which offers guaranteed returns at continuous intervals. This plan provides you the flexibility to choose among available policy terms such as 16, 20, 24 and 28 years. It offers a special rate for female insurers. 

• Reliance Super Money Back Policy

This plan provides financial security to your and your family during difficult times. You can enjoy flexibility while paying the premiums of the policy. Reliance Super Money Back Policy offers guaranteed liquidity along with loyalty additions to help you manage your living expenses. Tax Benefits are applicable on the premiums paid for the policy. 

Conclusion

Money Back Plans are one of the smartest ways to plan your future shield. There are a wide range of Money Back Plans available in the market. You can purchase the best one depending on your requirements. The above mentioned Money Back Plans are on the top of the list in the investors market. All the  Plans have their own pros and cons. It is important to understand the pros and cons of plans before purchasing them. 

Also Read: Money-Back PLans Vs. Endowment Plans

Best Money Back Policy Online in India

Disclaimer: 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.