Not sure if this qualifies as a complaint .. but I would like to know the forum's views:

There is a policy admin charge of ~1% for 5 years explained in this brochure. http://www.iciciprulife.com/public/B...e_Brochure.pdf

Doesnt that mean 60% of your money is wasted. Is there any workaround. Why would anyone go for this fund.