Money-back plan

A money-back plan is similar to an endowment plan except for one difference. The sum assured plus returns payable to you for surviving the policy term is not paid at the end of the policy term. You receive it in parts, at pre-decided intervals during the policy term and the balance amount at the end of the term. Should you die after having received one or more installment, your nominee will still get the entire sum assured upon your death.

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