Free term life covers with SIPs proving costly for mutual funds

Free term life covers with SIPs proving costly for mutual funds

Mutual funds offering free term life insurance along with investments in their schemes are having second thoughts about continuing with this facility as unexpectedly high claims in the wake of Covid-19 have made it unviable to extend this benefit. ICICI Prudential Mutual Fund and Aditya Birla Sun Life MF have put on hold this facility for investors making fresh investments through systematic investment plans. Existing investors, who opted for

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