Except as provided in regulation 5 below, the amounts of the following charges are included in the total charge for credit in relation to an agreement: -
(a) the total of the interest on the credit which may be provided under the agreement;
(b) other charges at any time payable under the transaction by or on behalf of the debtor or a relative of his whether to the creditor or any other person; and
(c) a premium under a contract of insurance, payable under the transaction by the debtor or a relative of his, where the making or maintenance of the contract of insurance is required by the creditor-
(i) as a condition of making the agreement, and
(ii) for the sole purpose of ensuring complete or partial repayment of the credit, and complete or partial payment to the creditor of such of those charges included in the total charge for credit as are payable to him under the transaction, in the event of the death, invalidity, illness or unemployment of the debtor,
notwithstanding that the w