Look before you leap into SIP insurance
It is not a wise idea to start one just to get the free insurance
Asset Management Companies (AMCs) such as Aditya Birla Sun Life, ICICI Prudential and Reliance offer free term life insurance cover to SIP investors in select schemes.In the unfortunate event of the demise of the unit holder, the insurance cover will compensate the nominee with a sum calculated based on the monthly instalment.Here is a low-down on the features of these schemes and whether it is wo...
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