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Life Insurance

Money Back

Download forms for this policy


A traditional insurance plan pays out a lump Sum Assured in the event of the death of the life insured. The beneficiaries/ dependants/ nominees of the life insured receive a benefit (called a death benefit) if the worst should come to pass for the insurance holder.

A money back insurance plan pays out the same maturity benefits in the form of several guaranteed “survival benefits" which are staggered evenly throughout the course of the policy. So, a money back insurance policy is an endowment plan with the benefit of regular liquidity.

Salient Features

The money back policy has a number of distinct features that set it apart from other life insurance products, as mentioned below:

Riders on Moneyback Policy

A general list of riders that can be purchased along with a money back policy are given below:

Accidental Death Rider

This rider provides coverage in case the policyholder meets with an accidental death as outlines in the rider guidelines. In such a scenario, the policyholder’s beneficiaries/nominees will receive a lump sum as additional benefit.

Term Rider

This rider provides the policyholder with a waiver from paying the premium amount under certain circumstances but still provides coverage to the policyholder.

Critical Illness Rider

This rider provides the policyholder with financial assistance in the event he/she contracts a critical illness as defined by the rider.

Hospitalization Rider

This rider provides the policyholder with assistance in paying hospital bills in the event the policyholder is hospitalized. A daily allowance is issued to the policyholder to cover expenses related to treatment.

Documents Required

The documents required to apply for a money back policy are listed below:

Note : Policy details offered are indicative, not exhaustive. Please contact your nearest Arunaya office for further details.