Money back policy is the reliable source of income on your investment in regular sessions in this way insurance covers the needs of life in a simple way this process is known as money back policy. You should avail the benefits of money back policy, in case of any loss and damage; your money will be returned to you. If the policy holder passes away during the term the family gets the overall cost paid for endorsement plan.
Premium term and policy term:
Policy term is a time period during which you get insurance policy and premium term is the period during which insurance policy holder is bound to pay the amount / premiums to the company.
Benefits provided by insurance company:
The benefits provided by the policy include bonus, rider and loyalties etc. These offers are given by every company in order to maintain their customer liability and to increase their economy.
Advantages of money back policy:
There are few benefits of money back policy that can attract people to buy this policy.
This policy allows the person to pay the money in regular intervals in this way people do not face any financial crises to pay the money.
Actual money paid by customer is returned back to him without any deductions.
Rules of money back policy:
- Ager range 13-50 years
- Amount assured 50,000- no limit
- Policy term 10, 20,30
- Availability of loan – 0 %
This article is about money back policy, its benefits and rules of money back policy. The content gives you the information about the most appropriate policy and its benefits to increase your income and get your money back.
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