Should you opt for free insurance with your mutual fund SIP?

Not many investors are happy with the introduction of the long-term capital gains (LTCG) tax on equity and equity-oriented mutual funds. Taking advantage of this are life insurance companies - they have started campaigns highlighting the benefits unit-linked insurance plans (Ulips) have over equity MFs in the taxation department. 

Now, it's the turn of the fund houses to respond and stem the runaway of MF investors to insurance plans. Several investors have started receiving mailers tal ..