The purpose of investing in the insurance policy in India for your loved ones can be to create wealth over an extended period. A moneyback policy helps in providing liquidity facility and pays out a percentage of the sum assured amount consistently at the time of policy tenure. It pays a percentage of the assured sum throughout the policy tenure, unlike other types of life insurance plans that offer no returns till maturity. An average money back policy with a 20 year tenure would thus pay the policyholder what is known as a ‘Survival Benefit’ a few years after the start of the policy. Around 20% of the Sum Assured would be paid out periodically, while the balance would be paid out at the time of policy maturity with a bonus, if any.
Moneyback Policy
Moneyback Policy Service By Mirum financial services
As you approach different stages in life, there are dreams and aspirations that you set out for yourself and your family. But this does not set you free from the day to day responsibilities of managing house, paying for health expenses, school fees etc. To help you ensure that none of this is compromised for the other, a money back plan can fulfill your dreams uninterrupted.
Menu
What is a Moneyback Policy
What does moneyback policy cover?
- Death
- Tax Deduction
- Maturity
Get Started Today
We at Mirum financial services guide you to the right solution with our expertise.
Mumbai, Maharashtra
Our Services are available in Mumbai and Surrounding areas.
Benefits
- Provides insurance cover during the policy term.
- Pays out regular benefits throughout the term.
- Works as an insurance policy as well as a long-term investment with good returns.
- Provides tax benefits.
- Less risky than other investments offering similar returns like mutual funds.
- Enables long-term savings and regular income.
- Ensures that amounts are disbursed regularly.
- Some plans extend the insurance coverage guaranteed death benefits even after the maturity date and the last survival period, up to when the life insured attains the age of 100.
- There are optional riders that cover things like specific illnesses, critical illnesses, disabilities, etc.
Term Insurance
One of the most cost efffective plans
Term Insurance Plan With Return On Premium
Secure your family and get back your premium.
Group Life Insurance
A single contract covers an entire group of people
Child Insurance
A financial plan ensures financial support at every milestone of your child's life
Importance of Moneyback Policy
Choosing between money back and term plans depend on your personal needs and financial situation. If you want to use insurance as an investment product, opting for the best money back policy is recommended.
Report A Claim
We'll help through the process of claim from start to finish
Request Proof
Need your investment proof, let’s help you get that quickly
Investment Update
Get your Investment update
Pay Online
Online payment option available in some cases
Review Your Investment
Get help in reviewing your current investments
Contact us
Connect with us for any help on personal finance
Mirum financial services
Our Services are available in Mumbai and Surrounding areas.
Need a personalized solution?
Mirum financial services is ready to cater
all your Insurance Requirements
Customer first
Customers and their needs are our first priority. All our insurance plans are tailor made
Community Focused
We give back to our community and get involved with the charities we support.
Passion
We go the extra mile to exceed your expectations, no matter what you need.
Experienced Agents
With extensive experience, we understand what it takes to bring you quality coverage.
We at , Mirum financial services guide you to the right solution with our expertise.
Mumbai, Maharashtra
Kandivali east, Mumbai