Yes, the Money Back Policies. This is an anticipated endowment policy with an additional feature of receiving a benefit at regular intervals during the tenure of the policy. The risk cover continues for the entire policy term in spite of the installments already paid. If you outlive the policy, the maturity benefit along with accumulated bonus is paid back to you. For example, Kotak Premier Money Back Plan.
This is suitable for you if you plan to coincide the receipt of funds from the policy with your future anticipated needs like a car, an overseas holiday, children's educational needs, marriage expenses, etc.