A money back plan is right for a people that need a guaranteed return on their investments and are trying to find regular payouts at an equivalent time additionally to an insurance cover themselves for an equivalent money they're fixing as premium. Unlike a standard life assurance policy that only pays an amount after the maturity of the policy, the cash back plan starts to pay an amount that's called a ‘survival benefit’ over the lifetime of the policy. This survival benefit is given after a couple of years from the beginning of the cash back plan and continues until the maturity of the cash back policy. The survival benefit, because the name suggests, may be a reward from the corporate to the insured individual for surviving. This benefit is merely payable if the insured is alive. just in case of occurrence of an unfortunate event that leads to the death of the insured party, these survival benefits don't accrue any longer. In such cases, the nominee(s) receive the entire of the maturity amount, regardless of what proportion survival benefits are paid along side any bonus which will have accrued. Thus, the cash back plan offers regular income alongside a maturity benefit a bit like standard life assurance Shipra Finance assist to you for choosing best plan that most suitable for you.