Charges under the Plan

1. Unallocated portion of the Premium - The difference between the total premium and the allocated premium
   
   
2. Administration fee - A monthly Administration Fee of Rs.25/- will be deducted by canceling appropriate number of Units at the beginning of the month at the prevailing unit value. Administration fee may be increased at the discretion of the company subject to maximum of Rs.40/- per month depending on the experience of the company and subject to approval of IRDA.
   
   
3. Fund management charge - There will be a charge, as mentioned in the chart below, which will accrue and will be charged to the fund on a daily basis from the Policyholder's Unit Account towards Fund management expenses. Thus, the value of the Units in the Fund would be calculated after taking into account the Fund Management Charge.
   
   

   Fund	Secured	Balanced	Growth
   Fund Management Charge	0.65% p.a. of the Fund Value subject to maximum of 0.90% p.a. depending on the experience and subject to approval of IRDA	0.75% p.a. of the Fund Value subject to maximum of 1%p.a. depending on the p.a. depending on the experience and subject to approval of IRDA	1% p.a. of the Fund Value subject to maximum of 1.25% p.a. experience and subject to  approval of IRDA

   
   
4. Mortality charge - - Mortality charge will be recovered by cancellation of appropriate number of units at the beginning of every month depending on policyholder's age at that time and the same would be product of the mortality rate with net sum at risk (difference between sum assured as reduced by partial withdrawals) within two years during the policy terms and the fund value) at that time. The annual mortality charges (per unit of Sum at Risk for life cover) are as per the table below :
    

   Age	Mortality Charge	Age	Mortality Charge
   7	0.000440	24	0.001224
   8	0.000440	25	0.001245
   9	0.000440	26	0.001262
   10	0.000418	27	0.001275
   11	0.000495	28	0.001283
   12	0.000583	29	0.001287
   13	0.000715	30	0.001287
   14	0.000784	31	0.001288
   15	0.000847	32	0.001321
   16	0.000905	33	0.001371
   17	0.000960	34	0.001439
   18	0.001011	35	0.001526
   19	0.001057	36	0.001630
   20	0.001099	37	0.001752
   21	0.001136	38	0.001893
   22	0.001169	39	0.002052
   23	0.001199	40	0.002258