Mutual Funds offer insurance with SIP. Are they enough?
Most fund houses offer SIP insurance to people in the 18-51 age bracket investing in eligible schemes
The insurance cover is only available in case a person takes an SIP with a minimum tenure of three years
Many people in the populace may be looking at starting systematic investment plans (SIPs) in mutual funds to benefit from the steep correction in equities. Some may also be thinking of buying or enhancing the life insurance cover as the world grapples with the covid-19 pandemic which has emerged as one of the biggest threat to human life and health in recent history.