Terms Insurance Policies having Money Back Privileges

It is a bitter truth that no one knows their time of death as it is uncertain. Therefore, it is better to secure the future of your family with a term insurance policy before it is too late. But many individuals are confused about whether to take the term insurance plan or not because in the term insurance plan the individuals only get the ensured amount when he dies. If nothing such occurs till the maturity of the policy then not a single penny will be given to the policy takers. But there are some term insurance policies that have the maturity benefits and you will get the sum assured once the tenure expires. So, let’s take a look at the best term insurance plans with money back benefits.

Term Insurance Policies with Money Back Guarantee

In the term insurance plan with maturity benefits, the individual gets a return from the insurance company at the time of maturity. All the premiums that you have given are compiled into a return once the policy matures. So, you must explore all the term insurance plans that have such a privilege.

PNB Metlife Suraksha TROP Plan

You can take this insurance plan at an affordable premium that gives you the money-back guarantee once the policy matures. Not a single premium will be wasted because you get the returns once the tenure of the policy is over. Have a look at some of the details of this policy.

• This policy gives you both death benefits and money back benefits.
• The options for Limited payment and Single Payment are available in this policy.
• This policy allows you to enjoy tax benefits under Section 80C of the income tax Act.
• INR 2 Lakhs is the minimum sum insured in this policy.
• You can pay the premiums on the basis of single, yearly, half-yearly, quarterly and monthly payments.
• The best Age to take this policy is between 18 years to 50 years.

Max Life Premium Return Protection Plan

Max Life offers various insurance plans for individuals, families, and for the couple. Both types of benefits are available in these policies that are the death benefits and maturity benefits. So, you must explore all the benefits of this policy.

• The minimum age of entry is 21 Years with a maximum of 55 years.
• You just have to pay the premium for a limited premium of 11 years.
• This policy allows you to take the deduction section 80C of the Income-tax Act.
• The premiums for Women are available at a discounted price as compared to male applicants.
• All the policy details are available online and you can even buy the policy online from the company’s official website.

Aviva iShield Plan

This term insurance plan gives you 110% of the premium amount as a return if you are able to survive the policy period. It is somewhat an investment that will give you death benefit and money-back benefits as well. It is the best term insurance plan with money back benefits. So, have a look at the features of this policy.

• INR 15 Lakhs is the minimum sum insured in this policy.
• 10 years to 25 years is the term of the policy that can be taken by the applicant.
• 18 years and 55 years is the minimum and maximum age of entry in this policy.
• This policy is available at an affordable premium so even a middle-class man can buy the plan.
• You can take the free medical examination at the inception of the policy.

Tata AIA Life Insurance iRaksha Plan

This term insurance plan not only gives you the death benefits but also the money back if you survive till the maturity of the policy. You must explore all the features of this policy to find out the privileges you can enjoy having the policy.

• 18 years and 65 years is the minimum and maximum age of entry in this policy.
• There is no need to go to the company’s branch because this policy is available online.
• You will get all the premiums back as money back benefit at the time of maturity.
• 50 lakhs is the minimum sum assured in this policy.
• Payment of premiums is available on yearly and half-yearly periods.
• You can also claim for the tax deduction under 80C of the Income Tax Act in this policy.

Conclusion

The above-mentioned plans are available in which you’ll get the money back benefits. These are the best term insurance plans with money benefits and your premiums are accumulated to provide your returns at the time of maturity. If you die within the policy period then your family will get the insured sum otherwise at the time of maturity you’ll get the maturity benefits.

I am Tanuja Koshy working with one of the leading online insurance aggregators as a General Manager. I manage and drive online investments, short term and long term insurance like home insurance, travel insurance, health insurance, term insurance.