Top Money Back Plans/Policies to Invest

In simplest words, money back plans are a complete blend of insurance and savings respectively. Within a money back policy, you receive double benefits of both insurance and redemption of money at orderly intervals. A money back policy is specifically beneficial for those who look forward to a financial tool, which has low-risk but guaranteed returns.

Best Money Back Policies Available

ABSLI Vision MoneyBack Plus Plan

This is a traditional non-participating money back plan. The maximum entry age of the policy is 60 years and the minimum sum assured amount paid to the insured is 180 times your monthly base premium. Some of the key features of the ABSLI Vision Money Back policy are:

• This is a traditional plan that offers loyalty additions but no bonus.
• The minimum sum assured is equal to 180 times the monthly premium paid.
• The plan offers a double accidental benefit rider.
• A minimum guaranteed addition rate is offered by the policy.
• After the completion of 15 policy years, the policy provides loyalty addition, which increases every year.

Aviva Dhan Samruddhi

It essentially is one traditional life insurance plan that lets you save for a stipulated period and you get the money back every 5 years. With this plan, one can easily meet both the short and long-term needs as you also receive guaranteed maturity benefits. Listed below are some key features offered under the Aviva Dhan Samruddhi:

• It does participate in a sort of bonus declaration.
• If you looking forward to an enhanced benefit, then the guaranteed additions are incorporated into the sum assured.
• In the case of a high sum assured the premium rebates are attracted.
• As per the flexibility and the need, the insured can opt for a suitable term.

Bajaj Allianz Cash Assure

This is the traditional money back plan, which is a mix of protection and savings. To meet the financial requirements of the customers, the plan offers liquidity in the form of money back at regular intervals of time. The policy tenure ranges from a minimum of 16 years to a maximum of 28 years and the minimum sum assured offered by the policy is Rs. 1, 00,000. Here, let us highlight some of the features offered by Bajaj Allianz Cash Assure policy:

• This is a money back plan that offers periodic payout at regular intervals.
• The policy offers a guaranteed return on investment of up to 150% of the sum assured.
• The insured can choose from the option of 4 policy terms- 16, 20, 24 and 28 years.
• The female policyholders are offered special premium rates. 

Bharti AXA Life Child Advantage

With this traditional participating saving plan, you have the alternative to opt between the two maturity benefits endowment and money back respectively. You can opt for either of them, which meets your child’s requirements and prospective professional goals. Besides, the plan also offers an innate premium waiver benefit. Listed below are some important features offered within the Bharti AXA Life Child Advantage plan:

• It offers guaranteed payouts over the most recent five years before maturity to meet the educational needs of the child. When the policy matures, it provides ensured maturity payout to help the child’s educational needs and initiate a fruitful career.
• You have the accessibility to opt for a policy term depending on the age of your child.
• In the case of timely payment of all the premiums, then towards the end of each year, a non-ensured reversionary bonus is accumulated in the plan. When the policy matures, most likely the bonus is paid then.

Canara HSBC OBC Smart Stage Money Back Plan

This plan helps you at your life’s every planned milestone. It offers liquidity by providing money back advantages at orderly intervals. The following are some of the key features offered within this plan:

• The survival benefits are to be paid in the fourth, eighth and twelfth policy years.
• For the high sum assured levels, rebates are accessible.
• The yearly bonuses are included for each of the years when the premiums are duly paid.

Edelweiss Tokio Life Cashflow Protection Plan

This plan is a participating savings plan, which will safeguard you until you reach the age of 100 years. The following are some of the features offered in the plan:

• The cash bonus is a non-guaranteed advantage that will be paid each year at the commemoration of policy post premium instalment term alongside the past benefit. This bonus depends on the standard performance of the fund and will be paid until the maturity or death, whichever is prior.
• The reversionary reward is a non-ensured accumulation advantage. This reward will be collected from the initial policy year up to the finish of the premium payment period and will be identified with the standard fund. This advantage will be paid either toward the finish of the term or on the passing of the policyholder, whichever is prior.

Conclusion

Money-back plans are undoubtedly one of the smartest ways to plan your future investment cover. So, before you zero in on an insurance plan, it is important to understand and analyze the pros and cons of the plan.

Also Read: What Are The Advantages Of Money Back Policy?

Money Back Policy: Compare Online Money Back Plans In India