InvestorQ : What is the method of arriving at net asset value (NAV) for surrenders, maturity claim, switch etc. in ULIPs?
Shreya Mashelkar made post

What is the method of arriving at net asset value (NAV) for surrenders, maturity claim, switch etc. in ULIPs?

Answer
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3 years ago
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With respect to receiving valid applications (e.g. surrender, maturity claim, switch, etc.) up to 3 pm by the insurer, the same day’s closing NAV is applicable.

In respect of valid applications received (e.g. surrender, maturity claim, switch etc) after 3 pm by the insurer, the closing NAV of the next business day is applicable for any ULIP.

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image
3 years ago
Follow

With respect to receiving valid applications (e.g. surrender, maturity claim, switch, etc.) up to 3 pm by the insurer, the same day’s closing NAV is applicable.

In respect of valid applications received (e.g. surrender, maturity claim, switch etc) after 3 pm by the insurer, the closing NAV of the next business day is applicable for any ULIP.

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