I won't see any big change in this plan, Charges are very high in the plan.Originally Posted by Vikram
Charges under Dream Smart Plan -
Premium Allocation Charge will be deducted upfront and will be levied through reduced premium allocation to the fund.
1st Policy Year - 8.4%
2-3 Policy Year - 6.4%
4-10 Policy Year - 5.40
11 Policy Year - NIL
Fund Management Charge [FMC] of 1.35% p.a. will be charged on all funds except Liquid fund where the FMC will be 0.80% p.a.
Policy Administration Charge will be 0.05% per month on the annual premium during the first five policy years. Thereafter it will increase by 20% every five years. This charge will be deducted at monthly policy anniversary.
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