SEBI Proposes New Combined Offering: Mutual Funds (MFs) with Term Life Insurance (TLI). Banking & Finance | Dated: 05 Feb 2025 In January 2025, the Securities and Exchange Board of India (SEBI), based in Mumbai (Maharashtra), announced plans to launch a new financial product that merges Mutual Funds (MFs) investments with Term Life Insurance (TLI). 🎯 Key Highlights: - SEBI Chairperson, Madhabi Puri Buch, made the announcement with the aim of promoting Systematic Investment Plans (SIPs) in rural areas. 💡 Other Important Facts: (i) The product would allow customers to combine life insurance with Mutual Fund investments, providing an affordable and attractive solution that fosters financial inclusion in underserved areas. (ii) Additionally, SEBI is developing the "Pay Right" initiative to enable investors to verify the authenticity of Unified Payments Interface (UPI) payments through Know Your Customer (KYC) checks, thereby minimizing the risk of digital fraud. 📚 Test Your Knowledge: Which organization proposed the new combined financial product of Mutual Funds and Term Life Insurance? Correct Answer: SEBI 🚀 Quick Recap: About SEBI Chairperson : Madhabi Puri Buch Headquarter : Mumbai