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:



 

There are 4 Money Back Plans of Bajaj Allianz Insurance Company, namely Cash Rich Plan, Cash Gain Plan, Child Gain Plan and Super Cash Gain Plan. Thus, unless you exactly name which plan yu would like to buy, it would be difficult for us to analyze the plan.



However, Money Back plans fundamentally... Read More>>

Dear Shrinivas,

Money Back Plans are Endowment Plans with interim liquidity. Thus it has guaranteed returns where the money is given back to you in fixed pre-decided intervals. Money usually comes back every 5 years over a 20 to 25 year period.

But if you are looking at receiving maximum returns, then... Read More>>

The premium for Money Back plans depend on the policy you choose, your age and the Sum Assured chosen.



If you are looking for a good Money Back Plan, you can consider the following options:



1.LIC has 6 Money Back Plans available with them. Among them, the Money Back Policy 20 years and the Money Back... Read More>>

Liquidity the the best benefit of Money Back plans. Since you are informed from before when you would get how much amount of money, it makes most sense to plan ahead of time.

In this type of Policy, a certain percentage of the Sum Assured comes back to the policyholder after every 3 or 5 years, as... Read More>>

It all depends on your requirement what is the best insurance policy for you. If you need high coverage at low premium, then you need Term Plans. It is a pure protection plan.



But if you would like a traditional policy with liquidity option at regular intervals, then Money Back Plan is a very good... Read More>>

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 the Money Back Policy 25 years are the most common ones. However, Jeevan... Read More>>

Money Back Plan is a Plan where the money comes back to your at regular pre-defined intervals.



In this type of Policy, a certain percentage of the Sum Assured comes back to the policyholder after every 3 or 5 years, as pre-determined, only if the policyholder survives. This is called Survival... Read More>>