Money Back Policy As different from simple endowment insurance policies in which the survival benefits are payable only at the end of the endowment term plan, this scheme of money back policy offers periodic payments of partial survival benefits as follows during the tenure of the policy as long as the policy holder is alive. One of the significant features of this type of money back policies is that in the case of death at any time within the tenure of the policy, the death claim will include full sum assured without deducting any of the survival benefit amounts, which have already been paid. In addition, the bonus is also calculated on the full sum assured. In case of twenty-year Money back plan, twenty percent of the sum is assured to be payable each after five, ten and fifteen years and the remaining balance is payable after 20 year.