Exide Life My Money Back Plan is a traditional money back insurance policy by Exide Life Insurance Co. Ltd. Being a money-back plan, it pays a percentage of the sum assured at regular intervals throughout the policy and on maturity, pays the sum of bonuses. Being a participating plan, investment returns are pegged to the participating fund’s returns.
What do you get?
The policy offers three policy terms that come with the fixed premium payment term (PPT). The minimum policy term is 16 years that comes with a PPT of 12 years, and the maximum policy term is 24 years that comes with a PPT of 20 years. So you pick a policy term and the sum assured and depending on factors such as your age, the policy will calculate the premium.
