Money Back Insurance
These are the costliest life insurance available in the market, mainly because there is a pay-back component built into it.
You can choose to receive parts of your sum assured as pay backs at certain points in time in your insurance plan tenure. Insurers are bound to pay these sums no matter what happens; they need to make sure that the money is available to do that, so they invest a portion of your premium in instruments that earns them a return. Since such investments come with risk attached, that risk is passed on to you in terms of higher premiums.
Money back policies can be used to provide yourself with ready cash at certain points in your life, be it college tuition or a holiday.
Money back policies are part of every insurer's product portfolio. You will them all here.