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Why LIC Bima Plan has charges even if its not a ULIP ?

I want views of readers here ..

 

Generally we see ULIP having high charges , but LIC Bima is a normal insurance plan which is not market linked , still there are expenses charges of 27.5 in first year , 7.5 in 2nd and 3rd and 5% there after .

Why ?

 

What is the explaination of that , i would like to know it if some one has any idea ?

 

Manish

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