From what kind of life insurance policy can I receive money during its tenure?
Bhavish Sharma, Gurgaon
You can receive money during the term of the policy from traditional money back policies. Such polices have a pre-fixed sum that it pays out at defined times during the course of the policy tenure. The money paid out from time to time is lump sum in nature and is a proportion of the policy sum assured. The other types of life insurance from which you can receive money during its tenure are Ulips, which are market-linked. Mostly you can withdraw money from these policies, five years after you have signed up for it.
