Money back policy is a type of life insurance that allows the insured to receive regular or lumpsum payments at predetermined intervals at the time of purchase.Money back policy is a type of life insurance that allows the insured to receive regular or lumpsum payments at predetermined intervals at the time of purchase.Money back policy is a type of life insurance that allows the insured to receive regular or lumpsum payments at predetermined intervals at the time of purchase.Money back policy is a type of life insurance that allows the insured to receive regular or lumpsum payments at predetermined intervals at the time of purchase.