Survival benefits are periodic payments made to the policyholder at specific intervals, typically a percentage of the sum assured. These payments occur while the policyholder is alive and the policy is active. The amount and frequency of these payouts vary depending on the policy's terms, often structured to help meet short-term financial goals.

If the policyholder passes away during the term of the Moneyback Plan, the nominee receives the full sum assured, regardless of any survival benefits already paid. This ensures that the policyholder’s family or beneficiaries are financially protected even after the policyholder’s death.

Yes, premiums paid towards Moneyback Plans are usually eligible for tax deductions under applicable tax laws (e.g., Section 80C of the Income Tax Act in India). Additionally, the survival benefits and maturity benefits received may also be tax-exempt, depending on the specific tax regulations.

Many Moneyback Plans offer flexibility in terms of premium payment options, policy term lengths, and the structure of survival benefits. You can choose a plan that aligns with your financial needs, goals, and risk tolerance. It's advisable to consult with an insurance agent, such as those at Insurance Vala, to find the plan that best suits your requirements.