is taking a cash back insurance policy a good option? what are the pros and cons of it?

ANSWER TO THE ABOVE QUESTION Hi, It all depends on your financial planning. Benefits - at regular intervals you can get the money ( 1 or 3 or 4 or 5 years ) - insurance cover will be there even if you take the money back. - you can utilize the amount as planned children education/house repair/car purchase Negatives-You can not get huge amount in the edn of policy term as other non money back policies. - For your PENSION / HOUSE PURCHASE / CHILDREN MARRIAGE, lumpsum amount is needed. Suggestion- Take one long term policy first, then if you still need , take the money back policies. If you need any futher information, pls mail to -dasrreddy@gmail.com Regards