Aditya Birla Sun Life Mutual Fund

Want To Party All Your Life Responsibly?

Dec 04, 2018
4 mins | Views 5968

Always imbued with a joie de vivre, Mr. Mani plays multiple roles in life - a boss to his team but a reportee to the CEO, a father and a son at home, a loving husband and a party lover. All the roles come with responsibilities. In all this, he has his own dreams and aspirations. He is somewhat familiar with the financial planning and is not a complete novice. He understands the importance of life cover and uses Systematic Investment Plans (SIPs) for achieving some financial goals.

Mr. Mani is one in a billion Indians who are caught between their dreams and responsibilities. He has to balance his budget to ensure that savings, investment and protection are adequate for all his loved ones, and also be able to pursue his own dreams. If there are any ways to achieve investments & protection both, it would give him a lot of breather and fund some of his dreams too.

At Aditya Birla Sun Life Mutual Fund, we are aware of the tough balancing act that people have to do. Therefore we have tried to make life a little easier for all. Now, if we say that you can have insurance cover and mutual fund in the same purchase? Or if we say that you don't have to pay extra for insurance? Unbelievable! right?

Meet CSIP or a Century SIP. Here you can get maximum 100 times free insurance cover of your monthly SIP amount in designated schemes depending upon the tenure of your SIP. Under this, for the 1st year, the insurance cover would be 10 times your monthly SIP amount, for the 2nd the cover will increase to 50 times and in the 3rd year, it will further rise to 100 times.

To illustrate, if you have a monthly SIP of Rs. 1000, then in 1st year your cover would be Rs. 10,000 which will be increased to Rs. 1 lac from 3rd year onwards. Anyone between the ages of 18-51 can avail this facility but the cover continues till the age of 60 years.

For each investor, the maximum cover is Rs. 25 lacs across all schemes/plans/folios. However, if one withdraws / stops the SIP before 3 years, the free insurance cover stops.

Century SIP not only makes it easy to financially plan for your dreams but also gives your dreams a protective cover. This double benefit comes at no extra cost or charge.

So when Mr. Mani logs-in to invest, all he has to do is to select the CSIP checkbox and his cover starts! He does not even have to go for a medical or health check up for availing this option. Now Mr. Mani can play all his roles and yet follow his dreams - all tension free, with zero additional paperwork or any other hassle. His dreams are protected by Century SIPs. Another reason to party a little more.

Aditya Birla Sun Life Century SIP is a facility, in addition to the conventional SIP facility, offered under designated schemes which give the benefit of Life Insurance cover to the eligible investors. Life Insurance cover is subject to limits and other terms and conditions as specified for availing Century SIP, an optional, add-on, facility made available under designated schemes of Aditya Birla Sun Life Mutual Fund. This communication contains only few features of Century SIP. For further details and terms and conditions, investors are requested to refer to the Scheme Information Document of designated schemes or visit our website before availing Aditya Birla Sun Life Century SIP. Further, the Group Life Insurance cover will be governed by the terms, conditions & exclusions of the insurance policy with the relevant Insurance Company as determined by the Aditya Birla Sun Life AMC Ltd. (ABSLAMC). ABSLAMC reserves the right to modify/annul the said Group Insurance Cover on a prospective basis. Insurance is a subject matter of solicitation.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

For further information on CSIP, please refer to the Scheme Information Document of this scheme.

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