Valuation of Equity for NAV

We wish to intimate all the policyholders of ULIP that, pursuant to the Insurance Regulatory and Development Authority circular Ref. IRDA/F&I/INV/CIR/213/10/2013 dated 30.10.2013, in lieu of the existing practice of valuing equity shares at the lowest of the closing prices of NSE or BSE, the valuation shall be made on the closing price of NSE (Primary Exchange). If any security is not listed / traded on NSE then closing price of BSE (Secondary Exchange) shall be used by LIC for the purpose of computation of Net Asset Value (NAV) for Unit Linked Funds. Please note that the above change is effective from 2nd December,2013.


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