HDFC Life Insurance Plan - Are Money-Back Policies Really Helpful

Although the money-back plans may seem to be overall beneficial in an extensive manner, because of the added features of additional pay-outs and bonuses, yet it must be kept in mind that the payable premiums are proportionally greater. The crux is that money-back plans serve as not just insurance-coverage instruments but also as vehicles for investment and fund-building. Therefore, the various pros and cons of money-back plans must be studied in detail before taking any conscious decision to invest in them. Further, the volume of additional payouts may put a financial constraint on the policy-holder's pockets. The prime focus of a money-back plan is not only on the insurance coverage but also on the growth of the invested money. This can be seen as a medium of generating returns on investment that adds to the overall value of the fund corpus. This is why, although the money-back plans are additionally beneficial, they are also quite expensive in comparison with the traditional plans like the standard term-insurance plans or standard life insurance plans. Therefore, any decision to invest in a money-back plan must be backed by a clear and precise financial investment plan that can serve as the basis of the entire investment in such plans.

HDFC Life presents HDFC Life Super Income plan a non-linked money back plan that allows you to fulfill your financial dreams at all times and comes with guaranteed benefits. For details, click on the mentioned link: https://www.hdfclife.com/savings-investment-plans/super-income-plan.

 

Are money-back policies really helpful?