Birla Sun Life Mutual Fund has come out with Century SIP wherein they give 100 times cover of the amount of SIP. My question is that will Birla Sun Life Mutual Fund be paying the premium to some insurance company for the cover. They are charging an entry load of only 2.25 per cent, which they are giving it to the broker, then where do they charge this premium? Does the insurance really come free of cost to me?
This article was originally published on July 07, 2009.