Investing in Fixed Deposits for a long term basis is good but if someone needs it in the mid term of the maturity, what will you do ? Here the Money-Back policy will help you a lot. As the name suggests, the payouts come periodically on a regular basis. At maturity, you may get the lump sum amount. A Money-Back plan gives you a solution of liquidity.
Provides Liquidity with Regular Payouts
The beauty of this plan is regular pay outs, called as survival benefits.Long term plans, like 15-20 years. The remaining benefits are paid at maturity.
Secured Investments
These returns are guaranteed, unless the market condition and Government in power. The insured will provide you a guaranteed return, which is committed as there is no reinvestment risk.This plan gives a shield protection against the risks of your portfolio being reduced..
Tax Benefits
A person may be eligible for a tax deduction under 80 C.of income tax act, of which premium amount paid towards Money-Back Plan.
Low-Risk Instrument
Normally Mutual funds, Bonds, Stocks are affected by market conditions. Money-Back policy gives you a guaranteed return, with a low risk.
Life Coverage
The Life cover you can choose from the wide range of options of the plan, to meet your family’s monetary requirements.
The benefits of a Money-Back Policy, is it gives you regular pay outs throughout the policy tenure. Maturity benefits paid at the maturity of the plan. It provides death benefits to the nominee in case of the policyholder’s demise.
Hope this info about the Money-Back Plan will definitely help you to purchase insurance policies. Even you can ask our expert insurance team PLENTYSURE ( www.plentysure.com ). Have you purchased any Money-Back plan before and how it benefits you ?
Thank You,
Team PLENTYSURE
Jyoti Prakash Nayak, B.Sc MBA BA CFP
CERTIFIED FINANCIAL PLANNER & FINANCIAL WRITER
E: moneygrains.invest@gmail.com / WhatsApp :+91 8792238909
Web: www.moneygrainsexports.com
