HSBC MF offers SIP with health cover

HSBC Investments India today launched HSBC SIP Plus, a value-added systematic investment plan (SIP), which would provide investors with a free critical illness cover.

HSBC Mutual Fund has signed a deal with ICICI Lombard to design the offering for its customers.

The core benefits of SIP are disciplined savings, rupee cost averaging, investment in small amounts and the benefits of compounding. With HSBC SIP Plus, there is the added advantage of the critical illness cover on the basis of diagnosis, and it also offers covers for accidental death & permanent disability.