Money back Plans
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A Money Back Plan is a Simple Endowment Plan with a Liquidity Benefit. In Insurance
Read Moreterms it is called as an Anticipated Endowment Plan. Under this plan, there is a specific amount/ percentage of the sum assured is paid at regular intervals whichis called as Survival Benefit. In case, the insured dies during the Policy Term, then a Death Benefit will be payable to the nominee and the policy would be terminated.