The Birla Sun Life MF launched Century SIP, an investment plan with minimum investment of Rs 1000 per month plus a life insurance cover of up to 100 times of the monthly installment and upto the maximum cover of Rs 20 lacs. This plan comes along with free term insurance for an individual up to 55 years of age. Any individual between 18 to 46 years of age may invest in this plan through Electronic clearing system (ECS), direct debits or post dated cheques. The life insurance cover comes without an extra cost to the investor. The investor is not required to go through any medical test to avail life cover.The investor needs to enroll for CSIP & sign a “Declaration of Good Health”. In case of unfortunate demise of investor the insurance claim will be directly paid to the nominee by the insurance company (Birla Sun Life Insurance Company).
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