SIP(Systematic Investment Plan) is a method of investing in mutual fund.SIP is a method whereby an investor regularly(after every fixed time- period) invest a definite sum of money in a mutual fund. SIP became very popular among small investors as it provides them a platform to enter capital market with very small sum of money and thereby inculcating in them a regular saving habit.It also provides the benefit of rupee cost averaging and eliminates the need to time market. Now to make the SIP more lucrative with small retail investor, the plan is combined with insurance cover. This combination offers them dual benefit of regular investment with insurance benefit. The illustration would provide more clear picture of the concept. Reliance Mutual Fund launched SIP+Insure scheme. The scheme have the following features: