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 (SEK) |
Charge deducted
from premium |
| - 500,000 |
4% |
| 500,001 - 750,000 |
3.5% |
| 750,001 - 1,000,000 |
3% |
| 1,000,001 - 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 (SEK) |
Charge deducted
from premium |
| - 100,000 |
8% |
| 100,001 - 150,000 |
7% |
| 150,001 - 200,000 |
6% |
| 200,001 - 250,000 |
5% |
| 250,001 - 500,000 |
4% |
| 500,001 - 750,000 |
3.5% |
| 750,001 - 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: DKK 1,600, EUR 240, NOK 1,600, GBP 160, SEK 1,600, USD 280 and for Single Premiums: DKK 2,000,
EUR 300, NOK 2,000, GBP 200, SEK 2,000 or USD 350.
Paid-up policiesAn annual charge of GBP 50 (or currency equivalent) is deducted (on 1 January each year) from the accumulated account if its value is less than GBP 10,000 (or currency equivalent).
Not withstanding this Nordben reserves the right to make an annual charge of GBP 100 (or currency equivalent) from a paid-up accumulated account where its value is less than GBP 20,000 (or currency equivalent).
Nordben will increase each of the amounts stated above each year. The target increase is Pounds Sterling consumer price inflation, although this is not a guarantee and the increase in a given year may be higher or lower than this.
Charge on Triple C policyholders' fund
Nordben also reserves the right to make a charge on the Triple C policyholders' 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.