What are the advantages of Money back policy?
Here are a few advantages of a money back insurance policy:
• Money back policy is the only insurance policy that provides the triple privilege of survival benefit, maturity benefit and insurance cover.
• It provides regular payouts during policy term.
• It is an insurance policy cum a long term investment plan with guaranteed returns
• It ensures regular income and long term savings
• It provides income Tax benefits
• It is less risky
• Death benefits are available with this plan
• A number of riders are also available with this plan