Met life
Service tax on even premium

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.

Company: Met life
Country: India
State: Kerala
City: Ernakulam

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