The plan is competitivel priced, especially if you can kick start it with €7,500 and continue to save on a regular monthly basis. There are exit penalties in the first 5 years and you cannot buy it as a nil-commission product. Make sure there is no trailer commission attached to the plan.
I would have thought that you should be thinking longer term with this type of product. You should also formulate an investment strategy, based on your attitude to risk, from the outset and stick to it. Then you wont have to 'manage' it yourself.
You have access to a plethora of funds (both actively and passively managed).