Pune Invest

Reliance SIP Insure facility is an add on feature of   life insurance cover under Group Term Insurance   to individual investors opting for SIP in the designated schemes. What is the Facility? Reliance SIP Insure provides free life insurance cover to investors at no extra cost. In the unfortunate event of the demise of an investor during the tenure of the SIP, the insurance cover will take care of the unpaid installments. Amount of Life Insurance Cover Available The Life Insurance Cover under ‘SIP Insure’ facility will be enhanced as per the following clauses ;   An amount equivalent to the aggregate balance of unpaid SIP installments , subject to a maximum of Rs.10 lakhs per investor across all schemes / plans and folios will be invested in the Nominee’s account. The amount of life insurance cover shall be invested in the Nominee’s account in the same scheme under which the deceased investor has enrolled for SIP Insure at the applicable price based ...

ICICI Mutual Fund has introduced SIP Insure facilitating both investment and life insurance cover for investors. “SIP Insure is an add-on, optional feature available for equity schemes. To benefit investors further, the cost of insurance will be entirely borne by the Asset Management Company. No additional documents or medical tests are required; only certain details are to be filled up This feature is similar to Birla Century SIP   What is SIP Insure :     SIP Insure is not a product or fund but a feature or facility bundled in a product. Add on feature of Life Insurance cover under Group Insurance to investor Its provides free  live insurance to its investor at no extra cost.  Why SIP Insure launch by AMC   stay investor as long term basis, and less redemption pressure. Key Feature

The Birla Sun Life Century SIP (Insure) provides an insurance cover between 10 and 100 times the SIP investment made by the investor. For example, if an investor has a monthly SIP of Rs 5,000, he will be entitled to an insurance cover of Rs 50,000 in the first year. In the second year, it goes up to 250000  and 500000 from third year onwards. No additional charge for this cover, don’t make the mistake of thinking that these are like unit linked insurance plans (Ulips). If you start normal SIP and one Century SIP . Your fund grow similar.    The benefits of Birla Century SIP plan are as follows : • Wide Coverage: 18 years to 46 years for investor age group • Cover continues till 55 years • No medical check-up only a signed declaration of good health from investor • The minimum investment monthly SIP amount is Rs. 1000 per month. • Entry load of 2.25% and exit load of 2% upto 3 years and Nil from 3 year onwards. • If SIP discontinues within 3 years of ...