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    Money Back Plans for Monthly Cash | PNB Metlife


    What is Money Back Policy? Benefits of Money Back Policy

    Last Updated On 04-08-2019

    At various stages in life, you can have various ambitions, dreams and aspirations for yourself and your family. These include the responsibilities of managing your household expenses, paying the bills, fulfilling health expenses incurred, paying for your children’s education and more. All of this can sum up to become a large amount.

    Therefore, it becomes necessary to make sure you have a steady source of income that can help you balance your wishful ambitions with the more pragmatic ones, so you don’t have to compromise on either. Whether you prioritize one over the other, having a regular payout helps. Let’s address these points of contention:

    You might be tempted to invest in a traditional life insurance policy for the long term too. They certainly help in building a corpus when it is needed. However, if funds are needed before the maturity of the insurance policy, it is of no avail. A financial crisis can come knocking any time and it is often helpful to have a payout that can ensure some liquidity concerning the same. A money back policy presents a panacea to the problem of liquidity during the plan tenure by paying a percentage of the sum assured regularly through the plan tenure. These payouts come in while the money back policy is still operational. Let's understand the plan in detail.

    What is a money back policy?
    As the name suggests, a money-back policy is a policy which gives money back at regular intervals. It is essentially a life insurance plan that allows the policyholder to receive payouts at regular intervals during the policy term as part of the survival benefit. Usually, the survival benefit is paid out when you outgrow the maturity date of an insurance policy. It is, in a way, a reward for survival. However, under the money back policy, the survival benefit becomes a unique attraction. It provides regular payouts during the tenure of the policy itself. 

    Thus, in a money back plan, you will get a percentage of sum assured at regular intervals in your capacity as the insured person, instead of getting the lump sum amount at the end of the term. The feature of a money back policy is that of an met endowment saving plan with the benefit of liquidity.

    Features of money back plans

    Since liquidity is a major distinguishing feature of the money back policy, it is suitable for risk-averse individuals, who get the best of both worlds: an insurance plan and a liquid stream of regular payouts. In case of death of the insured person, the nominee gets the entire sum assured and the survival benefits are not deducted. These future savings plan and smart saving insurance extend a wide net of financial protection for your family, covering both, your sudden demise or diagnosis with a critical illness.

    These policies provide frequent payouts within the policy term. The provision of periodic payouts helps you to meet your financial commitments.
    The concept is simple, and the nitty-gritty isn’t hard to catch hold on: this amount given as payouts is part of the survival benefit and is a percentage of the total sum assured. This amount is pre-determined and paid at regular intervals until the plan reached maturity. The amount is then yours to use as you like: and you don’t have to wait until the termination of the policy term to get your hands on the money. This makes it a very handy resource in the event of a financial crisis.

    The plans give you the flexibility to choose the frequency at which you have to make the premium payments: choose between monthly, quarterly, half-yearly or annual basis.

    A money back policy involves minimal risk and provides assured with regular returns. If you don’t have a keen appetite for risks and like having a regular stream of cash flows, money back policy is best suited to you!


    The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.

    PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka.
    IRDAI Registration Number 117. CI No: U66010KA2001PLC028883. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale.
    The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969.. Phone: 080-66006969, Website:, Email: or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203

    EC155 LD/2019-20/156

    • IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at or You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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