Money back plans return a portion of the sum assured at set intervals during the term, rather than only at maturity. The full death benefit usually remains payable even after survival benefits have been paid.
They suit people who want liquidity along the way — for school fees, for instance — without surrendering the policy.
Who needs this cover
- Families with recurring, dated expenses
- Savers who want periodic liquidity
- People uncomfortable locking money away for decades
Key benefits
- Survival benefits at fixed intervals
- Full death cover continues during the term
- Maturity benefit at the end of the term
- Bonuses where the plan is participating
What is typically covered
- Periodic survival benefits
- Death benefit during the term
- Maturity benefit and accrued bonuses
Eligibility
- Entry ages typically 18 to 55 years
- Fixed policy terms as defined by the product
Key exclusions and limitations
- Suicide clause in the first policy year
- Lapse consequences if premiums are discontinued early
Exclusions differ between insurers and product variants. Always read the policy wording for the exact list.
Claim information
Survival benefits are paid automatically on the due dates. Death and maturity claims follow the insurer's standard process, which we assist with.