Invest in MFs, get insurance free

Who does not like freebies? Most of us get attracted to offers like ‘buy two, get one free’, even if such offers are extended to financial products. Here’s the latest entrant. Now, you will get insurance free on investing in some mutual fund schemes. Fund houses like ICICI Prudential Mutual Fund, Reliance Capital Asset Management Company and Birla SunLife Mutual Fund, have been rolling out insurance-wrapped funds. ICICI Prudential Mutual Fund launched the SIP (systematic investment plan) Insure a few months ago. Reliance Capital Asset Management Company and Birla Sun Life Mutual Fund had launched similar products last year.
http://www.business-standard.com/india/news/invest-in-mfs-get-insurance-free/485335/

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