Investing through Systematic Investment Plans (SIPs) is a good way to achieve long-term goals. At the same time, investors should also ensure the dependents are taken care of in case of any unforeseen eventuality. Few Mutual Funds houses provides investment + insurance benefit i.e. Smart SIP facility. The additional benefit of life insurance cover is at no extra cost. The nominee would get the maximum assured amount subject to a limit of Rs 50 Lakh.