• Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

Money Back Policy

Money-back policies are low-risk, non-linked money-back policies that offer life coverage and guaranteed returns at regular intervals during the policy term or at maturity. Money-back policies work best for individuals who want insurance coverage and periodic returns. They are particularly beneficial for those with specific financial goals in mind.


We respect our customers' privacy and do not spam them.

I authorize HDFC Life and its representatives to contact me through Call, Email, SMS or WhatsApp. This consent overrides my registration under DNC / NDNC (this would mean we would contact you even if you are registered on any Do Not Disturb list).

Money Back policy

What Is a Money-Back Policy?

A Money-Back Policy is a financial plan that provides life coverage and periodic payouts at specific intervals during the policy term or at maturity. It offers financial support during crucial stages of your life.

Why Do You Need a Money-Back Policy?

Money-back policy acts as a financial safety net, ensuring you receive periodic payouts and life insurance coverage during the policy term. The amount empowers you to meet milestones like education and marriage. It can also serve as a supplement to your retirement corpus. The policy provides protection and savings in one package.

Money Back Policies Offered by HDFC Life:

How Does a Money-Back Policy Work?

Under a money-back policy, you pay regular premiums over a predetermined period. During the policy tenure, you receive a percentage of the payout at specified intervals. The amount provides liquidity for various life goals. The nominee gets the sum assured if something unfortunate happens to the policyholder during the term.

Features of a Money-Back Policy

Guaranteed Returns with Savings Investment plans

Guaranteed Returns

Low-risk, non-linked money-back policies offer guaranteed returns at regular intervals.

Life Cover

Life Coverage

These policies help you secure your family’s future with the sum assured. Your loved ones receive the payout if anything happens to you.

Check Features, Riders and Flexibility

Bonus and Additions

Many policies offer bonuses, enhancing the policy’s value over time.

Financial Flexibility with Savings Investment plans


You can choose a policy that aligns with your financial goals.

How to Choose a Money-Back Policy?

Selecting the right policy involves assessing your financial goals, risk tolerance, and policy terms. Carefully evaluate the following before purchasing a plan:


Financial Goals

Think about what you hope to achieve in the future. List your financial goals and understand how much you need to fulfil them. Understanding your goals helps you select the ideal plan for your needs.



Calculate your Human Life Value (HLV) to estimate the required life insurance coverage. Consider your family’s standard of living, income, financial liabilities, and future financial goals.


Policy Term

Select a policy term that aligns with your goals. If you want a plan to help with your retirement corpus, you can select a tenure that ends when you plan to retire.


Premium Amount

You pay a regular premium for your money-back policy. Ensure you choose a plan and premium amount that works for your budget.



Money-back plans allow you to enhance your coverage with riders.


Company’s Claim Settlement Ratio

Check the insurance company’s claim-settlement ratio and the customer reviews online. Identify options with a high ratio and good reviews to safeguard your capital and your family’s financial future.

Benefits of a Money-Back Policy


Guaranteed Returns

Money-back policies provide guaranteed benefits on maturity.


Additional Bonus Benefits

Many policies offer enhanced returns through bonuses when you pay premiums over several years.


Financial Security

The life insurance component protects your family’s financial future. 


Tax Benefits

These policies offer tax benefits under Section 80C2 and Section 10(10D)2 of the Income Tax Act.

Things to Know Before Buying a Money-Back Policy

Before purchasing a plan, you should:


Understand the Features

Ensure you read the policy documents to understand the features of the plan. It provides a clear understanding of how you will receive the guaranteed benefits.


Check the Exclusions

Evaluate what the policy covers and what it doesn’t. You must check whether your chosen option provides riders and additional coverage for critical illnesses or accidental death.


Evaluate the Returns

A money-back plan works as a savings plan. It should provide you with returns on your premium payments. Evaluate policies that have offered good returns previously and select one accordingly.



You must select a policy that has an affordable premium. Take stock of your finances and consider the cost of different plans. Ensure you opt for a policy with an affordable premium that fits your budget.

Frequently Asked Questions (FAQ)


1 Is the amount received through a money-back policy taxable?

The amount received as periodic payouts is generally not taxable. However, it’s advisable to consult a tax advisor to understand your tax liability.

2 Is it risky to invest in a money-back policy?

Money-back policies use compounding interest to provide returns and savings. These policies are generally not considered risky.

3 Is there a penalty if I do not pay my premium for the money-back policy on time?

Failure to pay timely premiums may lead to policy lapse or discontinuation. It’s crucial to adhere to the premium payment schedule to avoid such situations.

4 Who is most suitable to buy a money-back policy?

Money-back policies work best for individuals who want insurance coverage and periodic returns. They are particularly beneficial for those with specific financial goals in mind.

5 What are the riders available in a money-back policy?

Typically, you can opt for accidental death, critical illness, and disability riders3 with your money-back policy.

6 Can I revive my money-back policy?

Yes, most insurance companies offer a revival period during which you can reinstate a lapsed policy by paying the outstanding premiums and fulfilling certain conditions.

7 How do I surrender my money-back policy?

Some individuals may choose to surrender the policy before maturity. They can contact the insurance company directly to receive the necessary paperwork.

1. Guaranteed Benefit is paid on survival during policy term provided all due premiums are paid during the premium payment term.

2. Tax benefits are subject to conditions specified u/s 80C and u/s 10(10D) and other provisions of the Income Tax Act, 1961. Tax Laws are subject to change from time to time.

3. For all details on Riders, kindly refer to the Rider Brochures available on our website.

HDFC Life Sanchay Plus (UIN:101N134V19) is a non-participating, non-linked savings insurance plan.

HDFC Life Sanchay Fixed Maturity Plan (UIN:101N142V04) is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan. Life Insurance Coverage is available in this product.

HDFC Life Guaranteed Income Insurance Plan UIN: (101N146V04). A Non-Linked Non-Participating Individual Life Insurance Savings Plan

ARN - ED/08/23/3976