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Continuing yesterday’s thoughts,
Why does it cost thousands of rupees to simply allocate your premium amount? I can understand a one-time nominal fee, but why each year? Why does this fee change between years (in the example below, between Years 1 and 2)? You haven’t changed. The insurance company hasn’t changed. The policy hasn’t changed. So why should the premium allocation fee?
What do you think?
Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.