There is a great opportunity to invest through Systematic Investment Plan (SIP). If you start SIP now, then you can get free insurance up to Rs 50 lakh without any extra cost.
Mutual Fund Offer:
If you are a mutual fund investor, then you have a golden opportunity to invest through Systematic Investment Plan (SIP). If you start SIP now, then you will get free insurance up to Rs 50 lakh without any extra cost. In fact, some mutual fund companies are still giving these great offers, which they started during the lockdown in the country. PGIM India Mutual Fund, ICICI Prudential Mutual Fund and Aditya Birla Sun Life Mutual Fund are included. The insurance cover is being decided on the basis of the installment and tenure of the SIP.Also Read:Bumper Explosion for Jio and Airtel Users! Get 3GB data per day, unlimited calls and more for less than Rs 450
Know the details of this offer
According to the information given on the website of ICICI Prudential Mutual Fund, 10 times the monthly SIP amount is getting insurance cover in the first year. 50 times the monthly SIP amount in the second year and 100 times the monthly SIP cover in the third year. According to the information given on the website of PGIM India Mutual Fund, insurance cover is getting 20 times more than the monthly amount of SIP in the first year. 75 times the monthly SIP amount in the second year and 120 times the monthly SIP amount in the third year.Also Read:People are remembering former PM Atal’s death anniversary, President-PM paid tribute
What is the maximum insurance cover
The insurance cover can range from 10 to 120 times of the monthly SIP. But the maximum insurance cover can be up to Rs 50 lakh. It is a free insurance cover that one can opt for while starting a SIP. Fund houses are offering free insurance to people in the age group of 18-51 on SIP. While the insurance cover will remain till the age of 55 years. That is, if you start SIP in 40 years, then free insurance cover will be available only till the age of 55 years.Also Read: NEET 2021 Admit Card: NEET UG on September 12, admit cards will be available from this date
This is also a condition
If you have opted for insurance cover with SIP, then you have to invest regularly for at least 3 years. This benefit will not be available if the SIP is closed before 3 years. If investors start investing with the SIP plans of these fund houses, then they will start getting the benefit of insurance without medical examination.Also Read: Attention! A new scam on WhatsApp will empty your bank account, if such a message comes, then delete it immediately
