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What Is A Money Back Life Insurance Policy?

What Is A Money Back Life Insurance Policy?

Thursday, December 22, 2016, 5:48 PM

A money back life insurance policy is basically a type of an endowment life insurance policy. In an endowment life insurance policy you get the maturity benefits (sum assured + bonus) only at the end of the tenure of the life insurance policy. The money back life insurance policy pays you money at certain fixed time intervals across the tenure of the policy.
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