SIP with free Life Insurance coverage
SIP with free Life Insurance coverage gives the investor a reason to invest. Free Insurance cover till the SIP runs helps the investor to invest the insurance premium in the same or any other SIP.
The SIP with Group Life Insurance cover is an optional facility provided free of cost by select Mutual Funds Companies (AMCs) to their investors who invest in regular SIPs for a long duration.
Free Life Insurance coverage provides coverage against the uncertainties of life besides enabling investors to accumulate wealth.
SIP with free Life Insurance coverage facility:
- The Asset Management Company (AMC) takes care of the Insurance premium till the SIPs run
- Investors only in the age group of 18 to 51 years can avail the facility of free insurance coverage.
Free Insurance cover :
The SIP investor may get up to 120 times Free Group Life Insurance coverage on his monthly SIP installment amount.
Long Term Growth:The investor’s funds grow as per the fund’s performance. As the Investor invests for the long-term goal, the fund grows better than expected
Tax Saving :
The investor gets tax benefits along with life insurance coverage, and the investment also grows in a Tax Savings scheme (ELSS).
