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It is not always less than what you have paid. Money back plans are taken for liquidity and planned money coming at specified time. 

Money Back Plan is a special type of Endowment Plans. In Insurance language it is called Anticipated Endowment Plans and commonly known as Money Back plans. It simply... Read More>>

Dear Shilpa,



If you would like a traditional policy with liquidity option at regular intervals, then Money Back Plan is a very good option. LIC has 6 Money Back Plans available with them. Among them, the Money Back Policy 20 years and theMoney Back Policy 25 years are the most common ones.



However, Read More>>

Insurance is not a 3 year product. The minimum possible tenure of any insurance policy according to IRDA is 5 years but it should be purchased for a minimum of 10-15 years to get comparable returns.



Thus, if you are looking at a 3 year product, you should consider Mutual Funds, Stocks, Bank Fixed... Read More>>

If you need a good Money Back Plan for a child, you can avail the Child Money Plans that are offered in the industry.



 

Money Back Plan is actually an Endowment Plan where you get the money back at pre-defined intervals. Hence they are called Money Back Plans.



There are some good and popular Money back Plans in the industry. They would be:



 

An approximate premium for Money Back Plan of Rs 1 Crore Sum Assured for a 33 year old woman would be Rs 6,38,145 p.a. for LIC Money Back Plan-20 years.

There are many good Money Back Plans in the industry. Some of them that you can consider are listed below