What Makes Money Back Plan The Best Investment Option?

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70 NEWS JAPAN - Investment is the key to creating a secure future for you as well as your family. There are certain plans that focus, exclusively, on the investment part, while few of them purely offer insurance coverage service. Each and every investment product is different from another and offers a different set of benefits individually. However, there are also certain plans where you can find the dual benefit of insurance coverage as well as good returns.

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A LIC Money Back Policy is one such plan, where you get an insurance cover but also receive good returns at regular intervals. This is a good investment option for individuals who are risk-averse and are looking for a policy where they can manage their savings as well as maintain liquidity. Even if the policy holder passes away during the policy, the sum assured along with the benefits will be transferred to the nominee appointed by the insured.

Money back plans are a low-risk investment unlike mutual funds or stock investments. Financial investments like stock market and mutual funds generally involve high risks due to volatile capital market conditions, which is, thankfully, not the case with money back plans. Hence, people with low-risk appetite can certainly go for these insurance cum return products.

What’s better than getting both, assured returns and insurance coverage feature, in a single plan? If anything happens to you and you are not able to be with your loved ones to look after them, a money back plan, under your name, will provide your family with insurance coverage and help your family take care of their financial obligations when you are not around. The best part is that your nominee will get the complete sum assured regardless of the amount you receive in the regular pay-outs.

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Owing to these benefits, money-back policies have become one of the most favoured investment options amongst investors. In short, money back plans give you the chance to help your family meet their financial goals in unfortunate circumstances when you won’t be with them anymore. Also, the regular pay-outs feature in a money back plan helps you meet your financial commitments at various stages of life.