In the context of SBI Smart Privilege, allocation charges typically refer to the fees that are charged by the company for allocating new shares or securities to its customers during an initial public offering (IPO) or other primary market offerings.
Fund Allocation Charges for SBI Smart Privilege:Â
During 1st - 5th Policy Year: 2.50% (for Limited and Regular Premium Options) and 2% (for Single Premium Option)
From 6th Policy Year Onwards: No Charges