Some people do, it seems – to buy this Birla Sunlife ULIP – the first year policy premium allocation charge is 65% for a 15 year plan. The net deductions are more than that of course, but 65% is only the allocation charge.
You would think they may have no other charges in subsequent years perhaps?
65% commissions and then some more each year. Someone has to be really drunk to agree to buy this policy.
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