Saturday, September 29, 2012

What is Money Back Policy

In  regular endowment policy all benefit will paid at the end of policy term.  Under this policy insurance company pay fix percentage of money pay with regular interval according to sum assured. Any one can plan to invest money in this policy as per his / her future need of  money like children education or marriage.
Its also continue to regular  protection of insured person,

Features
Bonus will paid at the end of policy
policy term should be 20 year or 25 year
As well as regular policy coverage

Money Back schedule for 20 year policy

  • At the end of 5th year     : 20% of sum assured
  • At the end of 10th year   : 20% of sum assured
  • At the end of 15th year   : 20% of sum assured
  • At the end of 20th year   : 40% of sum assured    
Note : No loan will granted for this policy.

Keep Investing for your family