# Bundled investment - Insurance and SIP

**URL:** <https://community.jupiter.money/t/bundled-investment-insurance-and-sip/2017>\
**Category:** Feedback & Ideas\
**Created:** [14 December 2020 13:28 UTC](https://community.jupiter.money/t/bundled-investment-insurance-and-sip/2017 "2020-12-14T13:28:02Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Goutham\_U](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/goutham_u/32/1272_2.png) [@Goutham\_U](https://community.jupiter.money/u/Goutham_U)\
**Post date:** [14 December 2020 13:28 UTC](https://community.jupiter.money/t/bundled-investment-insurance-and-sip/2017/1 "2020-12-14T13:28:02Z")

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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 ☹

G

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**Author:** ![sneh.baxi](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/sneh.baxi/32/622_2.png) [@sneh.baxi](https://community.jupiter.money/u/sneh.baxi)\
**Post date:** [23 December 2020 15:30 UTC](https://community.jupiter.money/t/bundled-investment-insurance-and-sip/2017/2 "2020-12-23T15:30:29Z")

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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](https://www.instagram.com/p/B909IUVlwu4)