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%
|
Exide Life Capped Nifty Index Fund
|
0.85%
|
The Maximum Fund Management charge is capped at 1.35%.
D. Charges on Partial Withdrawal / Fund Switching / Re-direction:
Nil