Mutual Funds Meet Life Insurance: Sebi’s New Offering Aims To Simplify Investment And Protection
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, explained that a proposed mutual fund and term cover combination would keep its two parts separate, unlike ULIPs, which could make costs and benefits clearer. He noted a similar product once existed but no longer takes new applications.
More of Abhishek's views on insurance
Outlook Money looks at Sebi's plan, reported in early 2025, for a product pairing mutual fund investing with term life insurance to lift low insurance cover in smaller cities, noting reports that it was unlikely to arrive soon. It weighs convenience against complexity and less visible costs, lists hurdles for fund houses in servicing, claims and underwriting, and compares the idea with ULIPs. It includes comments from Abhishek Kumar.
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Mutual Funds Meet Life Insurance: Sebi’s New Offering Aims To Simplify Investment And Protection
