I have taken on met life insurance policy. I paid altogether Rs. 18000 (3 instalments), on that they have taken some 17000 as their charges
first 2 premium as allocation charges - 12000.00
service tax 10.3% on allocation charges - 1236.00
Third premium' s service tax - 618.00
policy administration charges (135*18) - 2430.00
service tax on admn. charges - 251.00
mortality charges (Rs. 18x18) ST - 357.00
fund management charges will debit future - 0
Total amount as charges i paid - 16892.00
only balance of Rs. 1108 our of Rs. 18000 used for purchasing units.
Is it right or acceptable to anybody.
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