Bundled investment - Insurance and SIP

How about using the money paid for General insurance/Term insurance monthly/quarterly/half yearly/Annual premiums reinvested in mutual funds and let it grow for the customer or why can’t the monthly SIP’s paid by the customer be used as premium for life insurance?

I am not sure if this is currently available in the market. These are 2 different spectrums - why can’t someone bundle it and provide it to the customers?

I am paying for both :frowning:

G

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Hi Goutham,

Welcome to the community! Such a product is available for sometime now, if I understand correctly you mean combining benefits of a risk cover with savings. Its called ULIP (Unit LInked Insurance Plan), and is not the most ideal product to buy, this one minute video will be sure to help!

https://www.instagram.com/p/B909IUVlwu4

2 Likes

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