This is Chandra. I'm planning to invest about Rs 1 Lac per annuam in ICICI Prudential's Life time Super - Unit Linked plan. I understand that the out of total amount invested as much as 22% goes in to Adm. Charges i.e. less than 78% money only get allocated & invested where as in some of the compitators this is more than 95%. Is it true? I would like to ask authorities of ICICI that plz. clarifiy that so that I can take the right decision of my investment.
RE:ICICI Prudential Alocation rate - Life time super unit linked plan
by parthasarathy sarathy on Jun 11, 2007 10:29 AM Permalink
The charges of 22% is on the lower side. Usually, in the first year, they take away 35% or more (LIC pays its agents alone 40% of premium as commission for the first year), then, 15% in the II year and about 5% in all subsequent years. Only the balance will be invested. Unless they get super returns, you will never get back your principal. All the best
RE:RE:ICICI Prudential Alocation rate - Life time super unit linked plan
by on Jun 11, 2007 02:02 AM Permalink
u must be dam rich mate...pls think of the poor :-(
RE:ICICI Prudential Alocation rate - Life time super unit linked plan
by nitin devkar on Jun 11, 2007 08:25 AM Permalink
Yes u r right. The allocate only 80% of your premium. Rest they charge as service charges. So be careful while investing. Even I was not told this by their executive before investing.
RE:ICICI Prudential Alocation rate - Life time super unit linked plan
by on Jun 11, 2007 02:04 AM Permalink
mate....u seem to have plenty ...give it to the poor
