Bundled products convenient, but may fall short of promise: Experts

See the fine print to know the duration or extent of the benefits

The Securities and Exchange Board of India (Sebi) recently directed mutual funds to stop offering bundled products. In future, even if you sign up for a long-term systematic investment plan, you will not be offered free life insurance. The financial landscape, however, is full of bundled products. Customers should study their fine print before deciding to rely on them.

Two types of bundling

Bundling happens at two levels. One is when the product manufacturer offers free additional benefits that are not a standard feature of the core offer. For example, a credit card may offer personal accident insurance to the