SEBI Proposes New Combined Offering: Mutual Funds (MFs) with Term Life Insurance (TLI).

Banking & Finance

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).


      - SEBI Chairperson, Madhabi Puri Buch, made the announcement with the aim of promoting Systematic Investment Plans (SIPs) in rural areas.

     

     

Main Point :-   (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.


About SEBI

Chairperson : Madhabi Puri Buch
Headquarter : Mumbai
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