Financial Education
Question #14
How much insurance amount do I get from a SIP insured fund?
The insurance amount is linked depending on AMC's requirement and the SIP's monthly installment. Please find the breakdown for the insurance eligibility based on SIP Reliance Birla 1st year 10 x SIP amount* 10 x SIP amount 2nd year 50 x SIP amount 50 x SIP amount 3rd year 120 x SIP amount 100 x SIP amount On SIP Equal to fund value Equal to fund value Discontinuation after 3 years Maximum limit 21 Lakhs 25 lakhs SIP amount refers to monthly SIP amount If the SIP is discontinued before the completion of 36 installments, insurance cover will lapse.
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