SIP With Insurance

Why SIP With Insurance

Availing Of Free Of Cost Insurance By Starting SIP In Equity Funds Is A Good Idea. It Will Provide You With A Group Term Insurance Cover Of 10 Times The Monthly SIP Instalment During The First Year. The Cover Will Increase To 50 Times For Second Year And To 100 Times From The Third Year Onwards Subject To Maximum Cover Of Rs.20 Lakhto Rs.25 Lakh Per Investor Across All Folios And Schemes. Performance Of The Fund Is In No Way Influenced By This Add-On.

This SIP Will Cease Either When The Tenure Ends Or Upon Redemption/Switch Out (Fully/ Partially) Before The End Of The Term. Before Adding Such A Feature To Your SIP It Would Be Good To Consider The Following Points:

If You Discontinue Your SIP Within Three Years, You Will Lose Your Insurance Coverage.

It Will Cover Only The First Unitholder. The Second And Third Unitholders Will Not Get Any Insurance Cover.

Incase Your SIP Stop After 36 Month Regular Instalment Your Insurance Cover Continue Till The Term Or You Can Withdraw /Switch Out Whichever Is Earlier.

Instalment Can Bounce Or Returns 3 Instalment, You Will Lose Your Insurance Coverage

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