Top 5 Money Back Plan in India 2021

The life assured under a money-back life insurance plan receives a survival benefit amount at different stages of the life insurance policy. In case the life assured passes away during the policy term, the sum assured is paid to the nominee even after the life assured has already received the survival benefits.The survival benefits are a pre-decided percentage of the total sum assured. 

If the money-back life insurance policy matures, then sum assured is provided to the life assured after deducting the periodical survival benefits. In case the life assuredpasses away during the policy term even after receiving the periodical survival benefit the total sum assured without deducting the periodical survival benefit is paid to the nominee.

Also Read:- Money Back Plans V/S Other Life Insurance Plans

Top 5 Money-Back Plan In India 2021

1. Kotak Premier Money Back Plan

Kotak Premier Money Back plan is a limited premium payment plan that provides lump sum payouts at regular intervals during the policy term that help you meet your financial requirements at different stages of life.

• Lump sum payouts at regular intervals
• Availability of Accidental Death Benefit
• Availability of Bonuses from first year of the policy term.

2. Tata AIA Life Insurance Money Back Plus Plan

Tata AIA Life Insurance Money Back Plus Plan is a combination of life insurance and savings. This plan provides Guaranteed payouts at regular intervals throughout the term. This plan has an in-built accident benefit for additional protection.

• Availability of Accidental Death Benefit.
• Flexibility to choose from three payout options
• Availability of 2 kinds of bonuses.
  Availability of Riders

3. ICICI Pru Cash Advantage Plan

ICICI Pru Cash Advantage Plan provides guaranteed lump sum payouts throughout the policy term at regular intervals and a lump sum amount on maturity of the policy. Under this plan you start receiving the lump sum payouts as soon as the premium payment term ends.

• Availability of Maturity Benefit.
• Availability of Guaranteed Cash Benefit

4. HDFC Life Super Income Plan

HDFC Life Super Income Plan offers guaranteed income for a period of 8 to 15 years with guaranteed wealth appreciation. Under this plan you will receive regular income from the second policy year onwards till the end of policy term under single pay option.

• Availability of SIngle Premium Payment
• Hassle-free Issuance

5. Bajaj Allianz Cash Assure Plan  

Bajaj Allianz Cash Assure plan is a traditional money back plan which provides life coverage and a savings opportunity. This plan provides lump sum payouts at regular intervals during the policy tenure. 

• Availability of 4 policy terms, 16, 20, 24 and 28 years
• Availability of Maturity Benefit.
• Availability of Death Benefit.

You May Also Like to Read:- Features of a Money-Back Plan

LIC'S New Children Money Back Plan