One of a kind, money back plans offer a unique type of life insurance coverage. Under a money back plan, a stipulated percentage of the assured sum is paid back to the policyholder at pre-decided intervals. This payback benefit is known as a survival benefit.
Money back is the best insurance policy for those who want their investments to be accompanied by an element of liquidity. Furthermore, these plans are eligible for bonuses as declared by the provider (if any).
Benefits of Money Back Plans
Here are the benefits of money back plans.