Money back policies are the costliest traditional plans offered by insurance companies. This is because these plans return parts of the sum assured periodically, within the policy term. Another reason for the high premiums is that, if the insured dies even after getting 60 per cent of the sum assured in the form of survival benefits, the family of the insured gets the full sum assured (despite the 60 per cent of the sum assured already paid). The premium is broken into three parts.
Money Back Premium: Basics
Money Back Premium: Opinion
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