Combo offer in SIP

Warm Greetings!!!!
Global equity markets are facing problems of rising crude oil prices, higher inflation
and slowing growth. Markets across the globe have remained volatile throughout
2008. Indian equity markets are also getting affected by these concerns and
witnessed heavy correction in 2008. There is one most important question in
everyone's mind is where the markets are headed and what investors should do in
times of uncertainty?
We all know SIP is the best solution to ride market volatility. In fact SIP is the best solution for
all market condition to create wealth as well as to make market volatility to work in your
favor. Now how about getting insurance also along with advantage of SIP. We know in
modern market scenario its time of combo offers. Buy 2 shirts and get 3rd shirt at half the
price or order combo pizza to get cold drink free. Now how about having the same kind of combo offer for financial product like SIP. Do SIP for certain number of years and get insurance free. Confused and Surprised?
Let me explain the concept.
Reliance Asset Management has come out with this combo product ' Reliance SIP Insure ' under which if investor starts SIP for certain designated period in any of the 11 designated equity schemes of reliance, he/she can avail insurance facility without any additional cost. To avail this facility investor will have to start SIP for a duration between 3 to 15 years with minimum SIP of Rs.2000p.m. the amount of sum assured will be equivalent to aggregate value of unpaid SIP installments.
e.g. if one starts with SIP of Rs. 10000 p.m. for a period of 15 years and in the event of unfortunate demise of investor after 10th year his sum assured would be Rs.6 lakhs (Rs. 10000 p.m. x 5 years i.e. 60 months). So on death of unitholder AMC would invest Rs.6 lakhs lumpsum on his behalf in the same scheme and SIP would be automatically stopped.
Other key features of the scheme are:
Maximum sum assured would be Rs.10 lakhs across all schemes, options and folios.
Minimum age of entry is 20 years and maximum should be less than 46 years.
Maximum SIP tenure can be of 15 years or investor attaining 55 years whichever is earlier.
SIP can be done only through Auto Debit & ECS. Post Dated Cheques are not allowed.
Reliance Mutual Fund has an excellent track record in terms of delivering consistent return in equity schemes.
So here is your golden opportunity to create wealth through SIP in one of the best performing fund house and to get your life insured for your nominee/survivor to meet financial goals in your absence.

Regards