Premium Allocation In the first
year the premium allocation is 85 % for a premium of Rs 15000 — Rs 1,99,000.
In the 2nd
Year the premium allocation is 90 % In the 3rd
Year the premium allocation is 95 % And from the 4th year onwards the premium allocation is 97 % The Fund Management Charges are 1.25 % p.a. charged daily on the fund's value.
Not exact matches
Pupil
Premium Grant (PPG) Revision of the
premium grant expands this
allocation to include not only pupils currently on FSM but all pupils who have been eligible for FSM within the last six
years and registered at our school.
Like the Nationwide Maximum Diversification U.S. Core Equity ETF (MXDU) launched last
year, the Nationwide Maximum Diversification Emerging Markets Core Equity ETF (MXDE) seeks to deliver higher risk - adjusted returns relative to market cap - weighted strategies by creating a more diversified risk
allocation aimed at capturing the full equity risk
premium.
Apart from this, during the first five
years, the additional
allocation is added to the fund along with the
premiums paid by the customer.
Charges for Exide Life Golden
Years and Aviva Affluence include
premium allocation, policy administration, switching, partial withdrawal etc..
Charges for LIC New Money Back 20
Years and Star Union D I Money Back include
premium allocation, policy administration, switching, partial withdrawal etc..
Multi Cap Growth Fund is a high risk and high return fund with the maximum
allocation of
premium in the initial
years while Income Fund is a low risk low return fund.
Your
premium, net of
premium allocation charge, will be allocated by the Company to Balanced Equity Fund and Builder Bond Fund, based on the proportion and the outstanding
years to maturity (as at policy commencement date) as per the table below:
The proportion of
allocation / reallocation of the
premium based on the outstanding
years to maturity can be viewed here
The regular / limited
premiums and top up
premiums, if any, paid, net of
allocation charge in that particular policy
year will also be allocated in the same proportion.
On the third to tenth policy
year, the
premium allocation charges shall be 4.00 % of the
premium amounts.
All
premium payments and additional amounts (including transfers from the investment Divisions) allocated to the 1 -
Year Fixed Account, plus prior interest earned on such amounts, will receive their applicable interest rate for one - year periods from the anniversary on which the allocation or transfer was m
Year Fixed Account, plus prior interest earned on such amounts, will receive their applicable interest rate for one -
year periods from the anniversary on which the allocation or transfer was m
year periods from the anniversary on which the
allocation or transfer was made.
In the above example, when Mr. Rajesh pays his renewal
premium next
year, the fund apportionment /
allocation will be the same as his original apportionment that he had requested at the time of purchase (ie.
Well, because of 2 reasons — Getting more units without having to compensate the high
allocation charges (40 % of the regular
premium, 1 - 2 % of the top - up) Additional life cover Top - up can't be made in the first
year and the last five
years of the policy term.
According to the officials, the
premium allocation charges would range from 7.5 % of
premium paid in the first
year to 3 % from the sixth
year onwards.
The
premium allocation charge percentage is highest in the first
year and decreases over time.
Change in the
allocation of
premiums can be done free of charge once in every policy
year.
For example, the charge for
premium allocation is deducted from the
premium every
year.
Means for first
year if your
premium is Rs 1000 then Rs 75 will be deducted as
Premium Allocation Charge.
From the 6th policy anniversary onwards, this
allocation increases and goes up to 7 % of the
premium by the 16th policy
year till the 20th
year.
A similar plan, SBI LIFE — eWealth Insurance limited its
premium allocation charges to Rs 45 in the first
year only, decimated its policy administration charges, while the total of mortality charges and fund management charges were limited to roughly 1.25 - 1.50 per cent of the annual
premium paid.
For instance, Birla SunLife Insurance levies a
premium allocation charge of six per cent for the first three policy
years.
Traditional plans have an opaque charge structure (even up to 30 per cent of the
premium) and are more expensive than unit - linked ones — policy
allocation fee (7 - 10 per cent in the initial
years), policy administration fee (a percentage of the
premium) and fund management charges (1.35 per cent a
year).
Premium Allocation Charge: It is 4 % of the
premium for 1st
year for both 5 pay, Single Pay and regular pay.
For Single
Premium pay policies, when single
premium is less than Rs 5 Lacs, the
Premium Allocation Charge is 2 % during the 1st policy
year and when single
premium is equal to or more than Rs 5 Lacs, the
Premium Allocation Charge is 1 % levied during the 1st policy
year.
When annual
premium is equal to or more than Rs 5 Lacs, the
Premium Allocation Charge is 2 % for 1st to 5th policy
year, respectively.
The
premium allocation charge is 5.25 % / 2 % for 1st policy
year / 2nd policy
year onwards, respectively.
The
premium allocation charge for 1st policy
year is 7 % / 6 % / 4.5 % for Band 1 / Band 2 / Band 3, respectively.
The
Premium Allocation Charge is 3 % / 2.5 % / 2 % / 0.5 % during the 1st policy
year for the single
premium of Rs 50,000 to 99,999 / Rs 1,00,000 to 4,99,999 / Rs 5,00,000 to 9,99,999 / Rs 10,00,000 & above, respectively.
These ULIP's would charge
premium allocation charges + policy administration charges etc. up to 30 % of the
premium paid in the initial 1 to 3
years.
Means you are paying heavy
premium allocation charges to insurance company for the first 3
years along with the risk of surrender charges.
It has 7.5 %
premium allocation charges for 1st
year and later at 5 % and 3 %.
However due to high
premium allocation charges for first 3
years, your fund value after considering 10 % return might be only Rs 2.4 Lakhs to Rs 2.5 Lakhs.
The child plan has
premium allocation charge of 4 % of the
premium for the first seven
years and 1 % thereafter.
Charges for Exide Life Golden
Years and Edelweiss Tokio Easy Pension include
premium allocation, policy administration, switching, partial withdrawal etc..
The
premium allocation charge is 7.5 % / 5 % / 3 % during the 1st policy
year / 2nd to 5th policy
year / 6th policy
year onwards, respectively.
For limited
premium, the
premium allocation charge varies from 9 % to 3 % from 1st to 10th policy
year, depending on the chosen
premium pay term.
No
premium allocation charge is levied after 5th policy
year.
For regular
premium, the
premium allocation charge varies from 9 % to 3 % from 1st to 10th policy
year.
A discount of 1.0 % in the
premium allocation charge in the
year 1 is given to customers who buy directly from the Company's website.
Reduction in
premium allocation fees as prior to September 2010 commissions were 30 - 35 % of the
premiums you paid in the initial
years of the policy.
For five pay / regular pay (annual mode), the
premium allocation charge is 4 % / 2 % for 1st to 5th policy
year / 6th policy
year onwards, respectively.
For Exide Life Golden
Years Retirement Plan,
premium allocation charge is not applicable and policy administration charge is not applicable.
Premium Allocation Charges: Single Premium allocation charge is 2 % of the single premium, during the first po
Allocation Charges: Single
Premium allocation charge is 2 % of the single premium, during the first po
allocation charge is 2 % of the single
premium, during the first policy
year.
A discount of 1.0 % in the
premium allocation charge in
year 1 is given to customers who buy directly from the Company's website.
For regular / limited pay (annual mode), the
premium allocation charge is 6 % / 5 % / 4 % / 2 % for 1st policy
year / 2nd policy
year / 3rd to 5th policy
year / 6th policy
year onwards, respectively.
The
premium allocation charge is 5 % / 3.5 % for 1st policy
year / 2nd to 5th policy
year, respectively.
For annual
premium band of Rs 2,50,000, the
premium allocation charge is 4.50 % / 4 % for 1st & 2nd policy
year / 3rd policy
year onwards, respectively.
Premium allocation charge (PAC): It is a percentage of the first
year premium, adjusted before investing or allocating the units.