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May 04, 2012, 11.35 AM IST
ICICI Mutual fund has introduced Systematic Investment Plan Insure facility (SIP Insure) in selected schemes effective May 4, 2012.
SIP Insure is an optional feature in addition to the Systematic Investment Plan(SIP). A Group Life Insurance Cover shall be provided under this facility by a life insurance company. The premium for providing such cover shall be borne by ICICI Prudential AMC. The minimum installment will be Rs 1000/- for all schemes except ICICI Prudential Tax Plan for which the minimum amount is Rs 500/- . Maximum Age upto which SIP Insure is available: 55 Years
Following is the list of schemes where the SIP Insure facility will be applicable:
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