Key Features of a Money Back Policy

• 💰 Periodic Payouts: A portion of the sum assured is paid back at specific intervals during the policy term.
• 🏆 Maturity Benefits: On completion of the policy, the remaining sum assured along with bonuses (if any) is paid.
• 🛡️ Death Benefit: In case of the policyholder’s unfortunate demise, the full sum assured is paid to the nominee, irrespective of payouts already received.
• 📈 Bonus Facility: Eligible to earn bonuses declared by the insurance company, which increases the overall return.
• ✅ Tax Benefits: Premiums are eligible for deductions under Section 80C, and maturity proceeds may be tax-free under Section 10(10D).

Why Choose a Money Back Policy?

• ✔️ Liquidity: Provides regular payouts that can be used for planned expenses like children’s education, marriage, or other financial needs.
• ✔️ Low Risk: A safe investment option for risk-averse individuals who prefer guaranteed returns.
• ✔️ Protection + Savings: Combines life cover with savings and periodic returns.
• ✔️ Disciplined Savings: Encourages systematic savings while ensuring financial security.

Who Should Buy a Money Back Policy?

• 👨‍👩‍👧 Individuals seeking a safe investment option with insurance coverage.
• 🏠 Families who require periodic cash flow for financial milestones.
• 📊 Those who want guaranteed returns along with tax-saving benefits.

Final Thoughts

A Money Back Policy is best suited for people who want a combination of life cover, regular payouts, and guaranteed maturity benefits. At DoorstepBima, you can explore and compare different policies to find the one that matches your financial planning needs. Secure your future today with the right mix of protection and liquidity.