SIP with Insurance
‘What? SIP with Insurance? How would that even work?’ We can hear your confusion as to how two products that are as different as chalk and cheese could go together in a single package.
Simply put, start a SIP, and get Insurance Free of Cost! The investment can be as minimal as Rs 1000! Only SIP, No Premium!
How Does It Work?
You Get 2 Choices
If You Choose To Invest In A
Portfolio Of Funds…
Your monthly investment will be split across 3 funds from 3 fund houses (Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund, & Reliance Mutual Fund), in the proportion we recommend for maximum gains. The joint life cover offered by these 3 fund houses can go upto a sum of Rs 1.5 Crores.
Now, you may wonder how the Life Cover works when your investment is split across 3 funds..
In the first year of starting your SIP, the coverage will be upto 10X of your monthly investment.
In the second year of starting your SIP, the coverage will be upto 50X of your monthly investment.
In the third year of starting your SIP, the coverage will be upto 120X of your monthly investment!
If You Choose To Invest In AFund Of Your Choice…
You can choose any of the 3 fund houses - Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund, & Reliance Mutual Fund. The life cover offered by the fund house can go as high as 50 Lakhs!
