What are Money Back Endowment Plans?

Traditional Savings/Money Back plans are life insurance plans that combine the benefits of a life insurance product and a savings tool. With these plans, in addition to securing yourself and your family, you also create wealth over time to meet your financial goals such as saving for your retirement, buying a new home or securing your child’s higher education , and more.

Most of these plans usually offer you a fixed amount as Maturity Benefit when the policy ends. But some plans also help you create a regular stream of income throughout your policy duration. This helps to strike a balance between good returns and low risk. So regardless of the life stage you are at, and your financial goals, investing in a Traditional Savings/Money Back plan is always the right step forward.

No matter what your need is, we have a solution

 Take a look at the Traditional Savings/Money Back Plans that we offer:


A plan that offers regular additional income for celebrating the little joys of life and making all those precious moments, a little extra special. 

  • Addition to your regular income with guaranteed pay-outs
  • Security of your loved ones with wealth creation and Life Cover
  • Premium payment as per your comfort
  • Tax benefits


Offer your savings the opportunity to grow while enjoying the benefits of guaranteed returns.

  • Savings with the comfort of guarantee
  • Premium payment as per your comfort
  • Security of your loved ones with wealth creation and your Life Cover


Protect your loved ones and secure their dreams with guaranteed wealth growth.

  • Growth of wealth with Guaranteed Additions
  • A lump sum pay out to secure your future
  • Premium payment as per your comfort

4 Reasons to buy Money Back Endowment Plan

  • Good potential returns: By choosing a Traditional Savings/Money Back plan, you can do away with the worry of getting low or no returns on your investments. With these plans, the insurance company adds to your savings with certain benefits, which offers your money the potential to grow further. Such benefits are called bonuses and are available in different forms depending on the product you choose (such as, Guaranteed Additions, Guaranteed Maturity Benefit#, Reversionary Bonus, Terminal Bonus, etc.) *.

  • Systematic savings to fulfill your goals: Traditional Savings/Money Back plans inculcate the habit of regular and disciplined savings, which is the key to successful long-term financial planning. Thus, by paying premiums regularly, you can enjoy financial security for your child’s marriage, higher education or any other event.

  • Protection to your family: These plans ensure that the dreams and goals of your family stay secure by providing you a Life Cover of your choice. This Life Cover amount will ensure the same lifestyle for your loved ones that you have worked so hard for, even in your absence.

  • Tax benefits^: You can get tax benefits up to 1.5 lakh on your insurance premiums, under Section 80C. Traditional Savings/Money Back plans also let you enjoy tax benefits on the maturity benefit you receive, under Section 10(10D). Thus, you get growth on your investment and save on taxes each year at the same time.

*Please refer the policy document for detailed information on Guaranteed Additions, Guaranteed Maturity Benefit, Reversionary Bonus, Terminal Bonus, etc.

Power of Compounding Calculator

See how your investments grow exponentially over time, to give you significant returns




Leave a Rating!

3 (372 votes)

ICICI Pru Cash Advantage (UIN: 105N132V01), ICICI Pru Savings Suraksha (UIN:105N135V01), ICICI Pru Assured Savings Insurance Plan (UIN: 105N144V03)

#Your Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on age, policy term, premium, premium payment term and gender. Your GMB may be lower than your Sum Assured on death. Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.

^Tax benefits under the policy are subject to conditions under Section 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.


Back to Top