Reply To: Top-up Premium

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March 3, 2019 at 4:51 am #24517
Rishabh Surana
Moderator

    darshanm wrote:

    So 1-3% of the top up premium is the allocation charge?

    And if that is so how will the amount exceed 25% of the total premium paid?

    Sent from my moto g(6) play using Actuarial Info mobile app

    For most of the Ulip products, IRDAI have defined that the total amount paid as a top up premium(i.e. additional investments) should not exceed 25% of the total prem payable & paid till date and the minimum limit is also defined in the policy docx.

    If you are investing Rs10000 as a top up prem then the co. would charge only the allocation charge viz 1-3% of Rs 10000 and invest the rest money .