Triple C Plan: Charges
These are made, and paid, as a percentage of every premium. The percentage is determined by the frequency and size of premiums.
Single Premium Policies
|
¤Premium |
Charge deducted
from premium |
| - SEK 750,000 |
3.5% |
| SEK 750,001 - SEK 1,000,000 |
3% |
| SEK 1,000,001 - SEK 5,000,000 |
2.5% |
Special terms will be agreed for premiums above SEK 5,000,000
¤Where the currency of the plan is not SEK currency equivalents apply
Annual Premium Policies
|
¤Premium |
Charge deducted
from premium |
| - SEK 100,000 |
7% |
| SEK 100,001 - SEK 150,000 |
6% |
| SEK 150,001 - SEK 200,000 |
5% |
| SEK 200,001 - SEK 500,000 |
4% |
| SEK 500,001 - SEK 750,000 |
3.5% |
| SEK 750,001 - SEK 1,000,000 |
3% |
Special terms will be agreed from premiums above SEK 1,000,000
¤Where the currency of the plan is not SEK currency equivalents apply
The above charges are subject to the following minimums for Annual Premiums: Danish Krone 1,600, Euro 240, Norwegian Krone 1,600, Sterling 160, Swedish Krona 1,600, US Dollar 280 and for Single Premium: Danish Krone 2,000, Euro 300, Norwegian Krone 2,000, Sterling 200, Swedish Krona 2,000, US Dollar 350.
Nordben reserves the right to make an annual charge of £85 (or currency equivalent) per policy or such other charge as may be determined from time to time. This is deducted from either the retirement account or a paid up policy if the account is less than £17,000 (or currency equivalent) or such other amount as the company may determine from time to time. Nordben is not currently making this charge.
Nordben also reserves the right to make a charge on the Triple C policyholder's fund. At present, Nordben has determined that, this charge will not exceed a half of one per cent per annum. Nordben reserves the right to increase the level of this charge.