Money Back Plans – Regular Returns for Financial Ease
Overview: Money back plans provide periodic payouts during the policy term along with life cover. They’re ideal for individuals seeking regular income and long-term savings.
Key Features:
Periodic payouts during the policy term.
Life cover throughout the tenure.
Tax benefits under Section 80C.
Why It’s Important: Money back plans cater to individuals who need liquidity while ensuring family protection.
Benefits:
Regular payouts for financial needs.
Life cover for your family’s security.
Assured maturity benefits.
FAQs:
1. Are the payouts guaranteed? Yes, payouts are fixed as per the policy terms.
2. What happens if I miss a premium? Policies often come with a grace period to pay premiums.
