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A motivating world of money back policy

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A motivating world of money back policy

  1. 1. A MOTIVATING WORLD OF MONEY BACK POLICY A unique kind of insurance plan, where in sum assured will be offered to the relative/beneficiary, once the policyholder dies is known as the Money back Policy. The interesting aspect of the money back policy is that money comes back to person whose life is insured, after some time interval. Moneymindz is having fantastic team of financial experts offering spectacular advice on the money back policies.
  2. 2. Prominent Features Of Money Back Policy: Interesting features of the money back policies are as follows: Death Benefits: During the death of the policyholder, with in the term of policy, then nominee/relative gets huge percentage of the basic sum assured. Maturity Benefits: If the Life Assured survives till maturity, some percentage of the Basic Sum Assured in addition to simple reversionary bonuses and final additional bonus will be paid. Survival Benefits: Relative of the policy holder will receive some percentage of the sum assured at end of 5th , 10th and 15th year of the policy. Advantages Of Money Back Policy:  Investment is very safe, because it is a traditional plan.  Complete sum assured is paid as death benefit to the relative/families of policyholder.  Offers the insurance cover during the term of the policy.  Helps in offering superior tax returns to customers in India.  Bonus is calculated on sum assured and will not be influenced by any survival benefits.  Most of the premiums are not included under Section 80 C and the maturity amount is also exempted under Section 10 (10D).  Helps in having a good credibility.  Various features do cover things like critical illness, serious illness, specific illness, genetic diseases and disabilities from birth.  Good financial resource for maintaining your expenses in a logical fashion.
  3. 3. Criterions For Taking Up Money Back Policy:  Application form to be filled.  Address proof document.  Age proof document.  Policyholder must be between 18 years to 50 years.  Must be citizen of India. Disadvantages of Money Back Policies in India:  Premium of policy is higher than any normal plans.  Money back policy is not flexible compared to other policies in India. For More Information: Give Us a Missed Call on 022 – 62116588 (Or) Download Our Android app MoneyMindz -Expert Seller (Or) Download Our Android app MoneyMindz-Financial Freedom (Or) Visit: http://www.moneymindz.com/

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