Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
Money back plans are one of the most popular life insurance plans in the country. It is an endowment plan with the regular income benefit. Under these plans, policyholders receive a percentage of sum assured as survival benefit at regular intervals instead of getting a lump sum amount at the end of policy term. These are appropriate for those who wish to save and also want a guaranteed return with an insurance cover.
Life insurance companies are offering a range of money back policies for customers.
Take a look at some of the best money back policies in India:
Aviva Dhan Samruddhi
Aviva Dhan Samruddhi is a traditional life insurance plan that guarantees cash back every five years in addition to guaranteed maturity benefits.
Features
Entry age: 13 years to 55 years
Maturity age: 23 to 70 years
Policy term: 10, 15 or 20 years
Premium payment term: 10 years
Minimum sum assured: Rs 400,000
Maximum sum assured: Rs 5 crore
Death benefits
In the event of death of the policyholder within the policy term, his or her nominee will get the highest of the following amounts:
a) 10 times of annualised premium, or
b) 105% of the total premiums paid as on date of death or
c) sum assured of the policy.
Plus the guaranteed additions accrued till the date of death without deduction of any survival benefits already paid.
SBI Life Smart Money Gold
It is a, non-linked, participating, life insurance savings product with three types of payout frequency option which are 3 years, 4 years or 5 years in addition to guaranteed maturity benefit.
Features
Entry age: 14 years to 55 years
Maturity age: Maximum 70 years
Policy term: 15, 20 or 25 years
Premium payment term: 15, 20 or 25 years for regular premium and 8, 10 or 12 years for limited premium
Minimum sum assured: Rs 200,000
Maximum sum assured: No limit
Death benefits
On the death during the policy term, the nominee will receive a lumpsum assured plus simple reversionary bonus and terminal bonus, irrespective of survival benefits already paid.
LIC’s New Money Back Plan-20 years
LIC’s new money back plan (20 years) is a traditional participating non-linked endowment plan with the regular payment as survival benefit which is 20% of the basic sum assured at the end of each of 5th, 10th and 15th policy year in addition to maturity benefit.
Features
Entry age: 13 years to 50 years
Maturity age: Maximum 70 years
Policy term: 20 years
Premium payment term: 15 years
Minimum sum assured: Rs 100,000
Maximum sum assured: No limit
Death benefits
On death during the policy term, the nominee of the policyholder will get a lump sum of basic sum assured and all bonuses.
HDFC Life Super Income Plan
HDFC Life Super Income Plan is a traditional participating plan with life coverage that offers guaranteed income for a period of 8 to 15 years.
The maturity benefit of this plan will be the aggregate of last survival benefit payouts and bonuses.
Features
Entry age: 18 years to 59 years
Maturity age: 18 years to maximum 75 years
Policy term: 15 years 20 years
Premium payment term: 5 years to 12 years
Minimum sum assured: Rs 76,198
Maximum sum assured: No limit
Death benefits
On death of the policyholders during the term of the policy, his or her nominee will receive sum assured on death with other bonuses.