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Home / Life / Types of plans 

Money Back Policy

What is Money Back Policy?
How is it beneficial to me?
Who should buy this plan? 

How is it beneficial to me?

Under money back policies premiums can be paid as per the insurance company’s policy. These could be quarterly, half yearly or annually. The premiums for these policies are payable for the selected term of years, or till death if it occurs earlier.

By buying such policies one can receive income at regular intervals other than the risk cover it provides. Also a good amount of bonus on the full sum assured is quite a good bargain.

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