The policy ensures that returns are guaranteed at equal intervals in time.
Due to the nature of the policy which is payouts at equal intervals in time, helps in organizing the finances and other planning which depends on it.
The policy acts as an insurance cover cum investment as there is a maturity benefit which the policyholder gets at the end of the policy tenure. This makes the savings even more beneficial over a longer period of time.
The Money Back policy acts as a conventional insurance policy on death of the policyholder. It gives a death benefit to the families/nominee of the insured to secure their future financially.
Add-on Riders are ways to have a more secure policy for a particular aspect a policyholder feels more prone towards, eg. Any particular disease or critical illness.
Survival Benefits
After few years of purchasing the policy, a definite sum in the form of payouts along with a bonus is paid by the insurer to the insured.
Death Benefits
On death of the insured, the nominees/beneficiaries are paid the sum assured along with the bonus on the policy.
Maturity Benefits
Once the tenure of the policy is over, the insurer pays an amount to the insured. This amount includes the total cover selected by the insured, the remaining survival benefits and bonus if any.
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Demand for Motor Insurance and competition among the insurers leads to newer policies and frequent updates in the existing offerings. Hence, it becomes difficult to choose the perfect policy. We at Finpandit make it easier by understanding your risk profile and picking the best fit policy for you. With relevant, up-to-date information and insights about different policies for comparison, seamless purchase procedure, and easy claim processing, we aim at helping your family get through tough times together.