Money Back Policy as the name implies provides benefits return during the policy term. Unlike endowment plan the benefits are not payable at the end of the policy term. It is a good plan for its periodic return on investment suitable for business men and private and government professionals.

Why the money back policy is good in comparison to other traditional endowment plan. As it provides periodically returns on your investment, it can protect your family at a needy time such as critical illness of any family member. The returns can meet your financial requirements at any stage of your life.

Indeed a popular life insurance plan, Money back offers investment and insurance cover in one package. So, it is preferred by most of the people. The survival benefits payable during the term of the policy save the insured one in difficult time.

Here you can choose the money back policy from the leading insurance providers. First consider the premium amounts you have to pay. Be sure that the amount and policy term suit your financial plans and needs. The investment returns and premiums of each company differ.

The money back policy providers offer death claim of the insured amount during the policy without any deduction paid for periodic returns. If the policyholder dies before the maturity of the policy, bonus amount or other added benefits are also paid to the nominee. Here at Mantra4money we offer you the features of money back policies all together. Taking help of our expert choose the best money back policy.

Here at Mantra4money research, compare and get the best money back policy and insurance plan in India. Get free quotes for the best money back policies provided by major insurers in the market.

Tell me the ABC of life insurance.

Life Insurance is a contract between the insured one (policy holder) and the insurer (the company). It protects your family against any risk in future. As the insured one gives premium to the company planning a policy, the company in return gives the assured sum to the policy holder on the maturity. If the policy holder dies before the maturity period, the beneficiary gets the assured sum.

I am only breadwinner in my family. Do I need life insurance?

If you have family, you must need a life insurance policy. As you are the principal earning member in the family, a life insurance would save your family in case of your premature death. Besides, your life insurance policy is a long term investment which would give you a high returns in your retirement or at the time of your child’s future needs.

Can a single policy cover more than one and have more than one nominee?

Yes, a single policy can cover than one. It can have more than one beneficiary or nominee.

I am not a wage-earner. Do I need a life insurance?

If you do not have dependents, you do not need a life insurance policy. Yet if you have a good earning and assets, you can plan a life insurance policy to get tax benefits. Moreover, you can make your beneficiary a charity house.
For which purposes do I plan a life insurance policy?
The main purpose is you have to protect your family or friends in case of your death. Besides, you can use your life insurance policy for your estate protection, mortgage protection, to fund a retirement, to protect your business, employment benefits, etc.

How can a life insurance help my family to settle my any kind of liability, like home loan?

A life insurance policy is especially for your family. Your sudden demise could fall them intro trouble. Your dependents or family gets the sum assured by the company if you die. Then the assured sum is paid to the bank or financial institutions from where the loan is taken.

Should I purchase a big policy?

The sum assured by the company for your policy should meet your family’s expenses along with your liabilities. So we suggest you to take guide from a professional insurance expert who can calculate your requirements and guide you which one is the most suitable for you.

Which are the life insurance policies available in the Indian market?

The life insurance policies available in the market are

Term life insurance policy
Endowment life insurance policy
Money back life insurance policy
Whole life insurance policy
Unit Linked Insurance Plans

Which life insurance is good for me?

For some it could be money back or for some it could be unit linked plans. It depends on various factors, how many dependents you have, what is your monthly or yearly income, etc. So, take guide from a professional insurance adviser. Yet, we suggest you to go for a term insurance plan, the cheapest form of life insurance. Along with life insurance you can take for riders such as critical illness rider, personal accident rider, etc.

Do I have to pay extra premium if I opt for rider in my insurance plan?

To take critical illness rider in your life insurance plan you do not need to pay additional premium. In case of your critical illness or accident the policy would pay off your medical bills.

Could I change the beneficiary on my life insurance policy?

Yes, you could change the beneficiary at any time you want.
Could I want to name a person as my beneficiary on my life insurance policy who is not my relative?
Yes, you can name other person as beneficiary other than relative. You can name as beneficiary your spouse, children, relative or friend. If your beneficiary is a friend, you will put his name correctly to avoid any confusion. Besides, you can also make beneficiary a charity, or trust.