Question

When is the Fund Management Charge (FMC) usually levied?

a.

At the time of policy issuance

b.

At the time of policy maturity

c.

At the time of computation of NAV

d.

At the time of premium payment

Posted under IC 14 Regulations of Insurance Business

Answer: (c).At the time of computation of NAV Explanation:The Fund Management Charge (FMC) is typically levied at the time of computation of Net Asset Value (NAV), which is usually done on a daily basis.

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Q. When is the Fund Management Charge (FMC) usually levied?
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