Reliance MF offers life insurance cover through SIP investment.
Reliance MF has introduced an add-on feature into their 10 schemes ‘Reliance SIP Insure’ to encourage investors to save and invest regularly through Systematic Investment Plan (SIP), to ensure that investors achieve their financial objective even in the unfortunate event of death before completing the SIP tenure as the balance amount towards the SIP installments remaining unpaid shall be made good from the life insurance cover and the nominee would be able to continue investing in the scheme without having to make any further contribution. The cost of life insurance premium will be borne by the AMC. The ‘Reliance SIP Insure’ feature will be available under the following schemes as: Reliance Growth fund, Reliance Vision Fund, Reliance Diversified Power Fund, Reliance Regular Saving Equity and Balance Option, Reliance Banking Fund, Reliance Pharma Fund, Reliance Media and Entertainment Fund, Reliance Equity Fund, Reliance Equity Opportunities Fund, Reliance Equity Advantage Fund.
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