Term Plan with Mutual Funds (SIP)

The Best Combination: Term Plan with Mutual Funds SIP 

A pure-term plan costs less than a regular endowment type of plan. Combining a term insurance plan with mutual funds is an effective strategy for achieving comprehensive financial security and growth. A term insurance plan, such as LIC Jeevan Amar, provides essential life cover, ensuring that your family is financially protected in the event of your untimely demise. It offers high coverage at low premiums, focusing purely on risk protection without any savings or investment components.

On the other hand, mutual funds offer an excellent avenue for investment, enabling you to grow your wealth over time. They pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities, managed by professional fund managers. This diversification helps in mitigating risks and achieving better returns compared to individual stock investments.

By combining a term plan with mutual funds, you can secure your family’s future through life insurance while simultaneously building a robust financial corpus for long-term goals such as retirement, children’s education, or purchasing a home. This combination ensures that you are protected against life’s uncertainties while still participating in the market’s growth potential. It provides a balanced approach to financial planning, blending the safety of insurance with the wealth-building capability of investments.

Types of Term Plan

Under the Term plans, there are four premium modes available, which are: 

• Regular premium
• limited premium 
• single premium and
• Returns of Premium (ROP) at the end of the policy term.

To Start Term plan with Mutual Funds SIP, call 9480240513