Commented on own review
Dec 28, 2006 11:56 PM
Everybody - thanks for your advice! I'll do some more number crunching and extrapolation at my end and decide on my future investment in this policy.
I'll try to post these numbers and my analysis here if I get a chance.
Commented on own review
Dec 27, 2006 10:56 PM
I checked the BSI website (earlier, and then today as well), and I see something by the name of 'Premium allocation charge'. The details follow:
From their website: 'The premium allocation charge is an up-front charge and varies as per the premium payment term and the policy year as given below:'...
Policy Year Pay Period (#Yrs)
10-14 15+
1 54.6% 65%
2 7.5% 7.5%
3 7.5% 7.5%
4+ 5% 5%
So, since my policy is a 15 year payment policy, the 65% charges on the 2,00,000 amounted up to 1,30,000.
Folks, didn't you see such charges posted to your account?Read More
Commented on own review
Dec 27, 2006 11:02 AM
Thanks for taking the time to reply. You mentioned that the administrative charges etc (differences) on your policy aren't quite as huge as mine, I'm really curious to know more about the options you selected. Do you mind sharing some details about your policy?
Reviewed Aditya Birla Sun Life Insurance
Dec 27, 2006 05:33 AM
4752 Views
Folks,
Here's my situation:
I invested Rs. 2,00,000 per-annum inthe life-insurance policy under the enhancer scheme (don't even ask why I invested so much). Now, it's been almost 6 months since I paid my first premium and the value of the policy is Rs. 68,500 (down by Rs. 1,31,500 - courte...Read more
