Tuesday, June 3, 2008

Birla SIP with Free Life Insurance

Birla Sunlife Mutual Fund has come up with an innovative Free Life Insurance Cover with their Mutual Fund Scheme. And frankly, I feel that it is a great offer, irresistible one.
The scheme goes something like this :::

•Cost of Insurance to be entirely borne by the AMC
•Uniform Insurance Cover*
•Year 1 –10 Times the Monthly SIP Installment
•Year 2 –50 Times the Monthly SIP Installment
•Year 3 onwards –100 Times the Monthly SIP Installment
•Limits above are subject to maximum coverage of Rs. 20 lakhs per investor
•Life cover continues even if SIP stops
•Wide Range of Age Group Covered
•Minimum / Maximum Entry Age –18 Years / Below 46 Years
•Cover continues upto the age of 55 years
•Investor just needs to sign a “Declaration of Good Health”
.No Medical Tests are required!!!

I don’t think that you will not even need any other Life Insurance Cover after you have invested in this one.
Minimum Investment is 1000 per month.

And as you should be already knowing Birla has got some excellent top performing schemes in its portfolio.
Some of my recommendations among the Birla Mutual Fund’s schemes are

1. Birla sunlife Equity Fund (36.25% returns since inception)
2. Birla Sunlife Mid cap Fund (42.4% returns since inception)
3. Birla Sunlife Frontline Equity Fund (39.48% returns since inception)
4. Birla Sunlife Tax Relief ’96 Fund (37.66% returns since inception)

There are other Funds like Kotak, Reliance which too offers Free Life Insurance but the drawback with them is that the Insurance amount actually reduces every month, but here it actually increases!!

Bye, take care.
Happy Investing.
Srikanth Shankar Matrubai.

You can mail me at sharesher@indiatimes.com

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