k Expenses Charged in a ULIP
k Premium Allocation Charge :
A percentage of the premium is appropriated towards charges initial and renewal expenses apart from commission expenses before allocating the units under the policy.
k Mortality Charges :
These are charges for the cost of insurance coverage and depend on number of factors such as age, amount of coverage, state of health etc.
k Fund Management fees :
Fees levied for management of the fund and is deducted before arriving at the NAV.
k Surrender Charges :
Deducted for premature partial or full encashment of units.
k Funds Switching Charge :
Usually a limited number of fund switches are allowed each year without charge, with subsequent switches, subject to a charge.
k Service Tax Deductions :Service tax is deducted from the risk portion of the premium
k Premium Allocation Charge :
A percentage of the premium is appropriated towards charges initial and renewal expenses apart from commission expenses before allocating the units under the policy.
k Mortality Charges :
These are charges for the cost of insurance coverage and depend on number of factors such as age, amount of coverage, state of health etc.
k Fund Management fees :
Fees levied for management of the fund and is deducted before arriving at the NAV.
k Surrender Charges :
Deducted for premature partial or full encashment of units.
k Funds Switching Charge :
Usually a limited number of fund switches are allowed each year without charge, with subsequent switches, subject to a charge.
k Service Tax Deductions :Service tax is deducted from the risk portion of the premium
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