A. Premium Allocation Charge (as a percentage of premium)
For annualized premium of ₹5 lakh and above, there are Zero allocation charges on first year premium. Thereafter a nominal charge is levied for subsequent years. Below is the premium wise charging structure:
|
Annualized Premium
|
Year 1
|
Year 2-5
|
Year 6+
|
|
₹2,00,000 – ₹2,99,999
|
4%
|
3%
|
2%
|
|
₹3,00,000 - ₹4,99,999th year
|
2%
|
2%
|
2%
|
|
₹5,00,000 & above
|
0%
|
1%
|
1%
|
B. Policy Administration Charges (as a percentage of premium)
Effective 6th policy year onwards, there are no policy administration charges except in policies which are discontinued.
|
Year
|
Charges as a percentage of annual premium
|
|
1st - 5th year
|
0.24% per month
|
|
6th year onwards
|
Nil
|
The maximum policy administration charge is capped at ₹500 per month.
C. Fund Management Charge :
Fund Management Charge is a charge levied on a daily basis as a percentage of the value of assets held in the unit fund at the time of computation of the unit price. The Fund Management Charges applicable, at present, are as follows
|
Fund Name
|
% of Fund Value per annum
|
|
Exide Life Midcap Fund
|
1.35%
|
|
Exide Life Prime Equity Fund
|
1.35%
|
|
Exide Life Active Asset Allocation Fund
|
1.35%
|
|
Exide Life Growth Fund
|
1.25%
|
|
Exide Life Balanced Fund
|
1.25%
|
|
Exide Life Secure Fund
|
1.00%
|
|
Exide Life Preserver Fund
|
1.00%
|
The Maximum Fund Management charge is capped at 1.35%.
D. Charges on Partial Withdrawal / Fund Switching / Re-direction:
Nil