The phrase "investment cum" basically implies that something serves multiple purposes or has multiple functions. It suggests that an investment has additional benefits or features beyond its primary purpose. Full definition
Going for investment cum insurance plan may result beneficial for you but if you want to gain maximum tax benefit then it is always advisable not to mix the investment and insurance needs. (policybazaar.com)
It is a long term investment cum protection plan for an individual. (relakhs.com)
They don't just offer you a professionally managed investment cum protection platform, but also provide an entry to an ever - attractive equity market. (maxlifeinsurance.com)