Century SIP Launched by Birla Sun LifeBirla Sun Life Mutual Fund is offering a unique systematic investment plan called as Century SIP, which will provide both investment opportunity and protection through life insurance cover.
Apnainsurance.com Research Bureau
11 Jun 2008
Birla Sun Life Mutual Fund is offering a systematic investment plan (SIP) called Century SIP. This plan will provide both, an investment opportunity and protection through life insurance cover. This SIP will be available with minimum investment of Rs. 1, 000 per month and it will provide life insurance cover up to 100 times of the monthly installment.
The insurance cover is available without any extra cost attached to it. The investor is not required to go through any medical checkup, but has to sign a 'good health declaration'. In the event of death of the investor, the sum assured will be paid insurance company directly to the nominee.