A money back policy is a type of life insurance plan that helps the insured person to get a percentage of sum assured at regular intervals, instead of getting the lump sum amount at the end of the term. It is an endowment plan with the benefit of liquidity. The pay-outs of the money-back policy is called Survival Benefits. These are paid during the tenure of the plan, and on maturity, the remaining Sum Assured is paid along with the vested bonuses. Vineet Arora, MD and CEO, Aegon Life insurance Company put forward some of the salient features of this unique policy;