But many do not know some mutual fund houses offer life insurance for those investing in their SIPs. Like ICICI Prudential Mutual Fund calls SIP with life insurance cover as SIP Plus, Aditya Birla Sun Life calls it as Century SIP while Nippon India calls it SIP Insure. Most fund houses offer SIP insurance to people in the 18-51 age bracket investing in eligible schemes. In case of Century SIP offered by Aditya Birla Sun Life Mutual fund insurance coverage is available till 60 years of age. Also, you shouldn’t depend on this life insurance cover.

Source: Mint April 17, 2020 11:37 UTC