IndiaFirst Young India Plan - Life Insurance

15. What are the charges applicable under this plan?Type of charge Charge details DescriptionPremiumAllocationChargeYearAllocation Charge1 6.7%2 to 4 4%5 onwards 3.5%We deduct the shown percentage (inthe table to the left) from your premiumas Premium Allocation Charge. This isdeducted before we make anyinvestments or before we apply anyother charge.FundManagementCharge (FMC)Fund nameEquity 1Balanced 1Debt 1Annual rate1.35% p.a.1.35% p.a.1.35% p.a.We deduct FMC and applicable servicetax on a daily basis from the fund valuebefore calculation of the NAV (NetAsset Value).Index Tracker1.35% p.a.Value1.35% p.a.Liquid11.35% p.a.PolicyAdministrationChargeThe charges are 1.8% of first year’s premium perannum inflating by 5% every plan year. This issubject to a maximum of ` 6,000 p.a.We deduct a monthly administrationcharge by cancelling units in advance.We do this at the beginning of eachmonthly anniversary of the plan.Charges forDeath andAdditionalBenefit onDeath andDisabilityAnnual Charge is expressed in rupees per 1000sum at risk which is the Sum Assured. (Pleaserefer to Annexure 1 for indicative rates)In case of the Additional benefit being applicableas a result of disability, the charges will continueuntil the end of the waiting period but stopthereafter in case the disability claim is accepted.The death benefit charges will however continuefor the main death benefit but not the additionalbenefit.Deduction of the charge and applicableservice tax on the first business day ofeach plan month by way of cancellationof units.Note: Where AP is Annualised Premium and FV is Fund Value7