One of the plan options allows for increased sum assured at important life events without further medical underwriting.

Overall, 27 fund houses have single-digit exposure to hybrid schemes, while Unifi MF and NJ MF have the highest exposure with 68% and 59% of their total AUM in hybrid schemes, respectively.

CafeAlt, taking place on August 21 at Taj Santacruz, Mumbai, will offer many more insights into the PMS industry.