Reliance SIP Insurance !

[MFadvisor]

Reliance has come out with Reliance SIP Insurance in 10 of its fund, including Reliance Growth Fund and Reliance Vision Fund.

What I get to know from the first glance is that when you do a SIP in this funds and if the investor dies after some time, Rest of the SIP installment are paid by the company for free.

Does anybody has more news about it.

Thanks,
MFAdvisor

 

[mayurkotlikar]

I checked with my advisor for this and he strongly advised againsts it.

1. Min 2000 Rs SIP
2. Tenure is 10 years minimum (not 100% sure).
3. Entry load 2.25+ Exit load 2.0% both (Generally no exit load if we withdraw after 1 year generally)

 

[MFadvisor]

Reliance SIP Insurance has come with 360 times insurance

Hi,

Reliance has modified there features for reliance SIP insure and they have come up with 360 times Insurance of monthly Installment. Which is really great in a sense.

kindly share your views and experiences.

MFadvisor
MFexpert(dot)com

 

[mrindia]

Re: Reliance SIP Insurance has come with 360 times insurance

Hi,

Reliance has modified there features for reliance SIP insure and they have come up with 360 times Insurance of monthly Installment. Which is really great in a sense.

kindly share your views and experiences.

MFadvisor
MFexpert(dot)com

No doubt, a remarkable gesture. But keeping in view other bindings, I still prefer to keep insurance different from investments.
mr india

 

[praveen taneja]

Pls confirm from ur advisor then say bad of anything .Frst min 1k is allowed not 2k.second lock in period is three yrs after that u can exit whenever u want with an exit load of 2% n there are many funds even ELSS too in that sip insure.For more detail take broture of SIP INSURE from ur advisor or go to MF FORUM to clear all ur doubts bro

 

[justsayraj]

Term insurance for 25 lakhs costs only 1 lakh (depending on age, it will vary a bit) for 3o to 35 years. Just one off payment and forget.
If the requirement increase, buy another one.

As far as investment goes, it should not be mingled with insurance. Not a good idea.