This plan charges 7.2% in 1st year, 5.2% in 2nd year and 3.2% thereafter every year as premium allocation charges + policy admin charges. I don’t see any logic of giving so much charges to company for an investment. It’s better to invest in equity diversified mutual fund for investment + term insurance for risk cover rather than investing in Kotak ACE plan.
This plan charges 7.2% in 1st year, 5.2% in 2nd year and 3.2% thereafter every year as premium allocation charges + policy admin charges. I don’t see any logic of giving so much charges to company for an investment. It’s better to invest in equity diversified mutual fund for investment + term insurance for risk cover rather than investing in Kotak ACE plan.
Hope it will help you.
InvestmentKit.com
see this.
http://in.news.yahoo.com/columnist/deepak_shenoy/22/the-ministry-of-mis-selling
🙂