SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • MF News DHFL Pramerica MF offers free insurance cover to SIPers

    DHFL Pramerica MF offers free insurance cover to SIPers

    The insurance cover comes without any waiting period for SIP investors.
    Jan 17, 2019

    DHFL Pramerica Mutual Fund offers free term insurance coverage to SIP investors under Smart SIP. The life insurance cover does not have any waiting period.

    The fund house aims to encourage SIP investors to opt for a longer tenor to protect the financial future of the nominee in an unfortunate event.

    The nominee will get the benefit of 20 times the monthly SIP amount for the first year, 75 times the monthly SIP in the second year and 120 times the monthly SIP in the third year with maximum sum assured subject to a limit of Rs. 50 lakh.

    Investors aged between 18-51 years are eligible to opt for this facility.

    Other key benefits

    • ‘Declaration of Good Health’ is not required
    • Minimum SIP of Rs.500 per month
    • Insurance claim payment to nominee of the investor

    The facility is available in all open end equity schemes (except DHFL Pramerica Arbitrage Fund), Fund of Funds and hybrid schemes of the fund house.

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.