Mutual Funds with Insurance Cover

There are at least 5 AMCs which Insurance cover. You can choose them depending on your convenience and outlook.
Birla sunlife offers Free Life Insurance through Birla Century Sip for all its schemes including Tax Saving Schemes. The offer is only through sip. It offers upto 100 times your monthly investment amount. Their Fund performance also has been good. The maximum Insurance coverage is 20 lakhs.
DWS offers Free Life Insurance through their DWS Tax Saving Fund. They offer 5 times your investment. The best thing about DWS is, you can buy at your conveinience. You will get a maximum insurance of 5 lakhs. DWS scheme covers upto 60 years of age.
Kotak and Reliance Mutual Fund offer similar type of Life Insurance. Though the difference is that Kotak offers only for your children whereas Reliance doesnt restrict anyone. However, Reliance does not offer the cover for its Tax Saving Scheme.The drawback with both of them,is that the Insurance actually reduces going forward and becomes NIL when your sip ends!.
Principal Personal Tax Saver and Principal Tax Saving Fund offer Personal Accident Insurance Cover upto 150 times the number of units you purchase.
HDFC too offer Personal Accident Insurance Cover through their HDFC Children\`s Gift Fund.
Among all the above, I feel DWS is the best option for a Lumpsum Investor as well a Sip investor.
Birla Century Sip is also a good option though the problem is that the scheme closes on Aug 14.
Do invest in at least two of the above.
BEst of luck.