Tag: SIIP

Under the SIIP scheme, the investors also get an insurance cover of Rs 4,80,000 till the maturity of the policy. You can buy this policy both offline and online. No demat account is required for this. The lock-in period of SIIP is five years. After this, investors can surrender it anytime. After five years, there is no surrender charge in this. Keep in mind that its average maturity amount is based on NAV growth rate of 15% per annum. But still you must take expert advice before investing anywhere.