Finance

Tweets on 2010-07-02 — Premium Allocation Fees

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?

RLGP_PAC

What do you think?

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