Question

What does the Policy Administration Charge represent?

a.

The expenses covered by premium allocation charges and the fund management expenses

b.

The expenses related to premium payment

c.

The expenses other than those covered by premium allocation charges and the fund management expenses

d.

The expenses associated with policy termination

Answer: (c).The expenses other than those covered by premium allocation charges and the fund management expenses Explanation:The Policy Administration Charge represents the expenses other than those covered by premium allocation charges and the fund management expenses. This charge may be expressed as a fixed amount or a percentage of the premium or a percentage of sum assured.

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Q. What does the Policy Administration Charge represent?

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