Mutual Fund with Insurance

Mutual Fund with Insurance

We talk about some point about People facing common risks come together and contribute a fixed amount towards a pool, out of which they are reimbursed if and ehen loss occurs. Insurance main consept is risk pooling.

Another pont is Mutual fund Mutual Fund is ehicle to mobilize money from investors to invest in different market and securities, in line with common investment objective agreed upone, between the mutual fund and the investors..

What is in Mutual fund + Insurance

Who is Eligible to invest – Age 18 Years – less than 51 years

Minimum Investment – 500 Per month yearly – 6000 per year

Minimum Tenure – Monthly 36 indtallments Quarterly 12 installment yearly-3 Installments

Insurance Cover- Insurance Cover will be valid only up to 55 year of age Aftert that will

be treated as normal sip. will be treated as normal sip.

Maximum Insurance Cover- 50 Laks

sip Insure claim- 45 Calender day for the sip insure claim

Waiting period- 45 days

Insurance Cover- Death due to sucide shall be death with

Death within 45 days

Death due to Pre-Existing illness disease or accidents

Life insurance cover- year 1-10 time the equivalent 10 * 1000=10,000

year 2-50 time 50*1000 =50,000

year 3 on wards – 120 time 120*1000=1,20,000

Note- Please read kim and sid of mutual fund amc for detal

Mutual Fund + Insurance is best product in market that provide life security with money growth benefit we know that insurance cover only your rick but not provide money growth benefit may company they work in mutual fund and insurance the come with both benefit .

In that product we injoy insurance benefit up to 55years and after that we injoy benefit of sip of mutual fund .

Insurance company bigest diffect that they can not provide money growth benefit that gap is cover by mutual fund company through that his plan Mutual fund + Insurance.

Mutual Fund Company plan Name

Icici Prudential Mutual Fund – sip plus

Nippon India Mutual Fund - sip insure

Aditya Birla Sun Life Mutual Fund - csip

I think that product in market is good one product . All Plan detal we read in amc sid and kim that

detal information of plan.

Main point in that plan is sip discipline we keep sip discipline in that plan that provide Insurance security benefit.Sip discipline is need to mentan in that plan then give you best result.sip discipline need in every plan of mutual Fund for best result.

                                                                                       pramod kumar

                                                                                         7903812430