LIC NAV Value As On Today – Closing NAV
The NAV of LIC is the value based on which the net rate of returns on Unit Linked Insurance Plans (ULIPs) that are provided by the LIC of India. Net asset value (NAV) is the value of an entity’s assets minus the value of its liabilities, often about open-end or mutual funds. This calculation is for the reason that these shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value. The LIC NAV Value may also be the same as the book value or the equity value of the business. Net Asset Value may represent the value of the total equity, or it may be divided by the number of shares outstanding held by investors, thereby rendering the net asset value per share.
How To Calculate LIC NAV Value
In this article, you can get LIC’s ULIP Plans Nav value (Net Asset Value). In addition, you can find the LIC NAV for the day for your perusal. You can also get the information about LIC NAV of the day, LIC NAV history, LIC NAV Value and LIC NAV rates which are very beneficial to the people.
NAV = ((Cash And Equivalent Holdings + Market Value of All Securities Held by Fund – Fund Liabilities) / Total Fund Shares that are Outstanding).
You can find LIC NAV Value for Future Plus, Bima Plus, Jeevan Sathi Plus, Jeevan Plus, Money Plus, Fortune Plus, Market Plus, Profit Plus, Money Plus-1, Market Plus-1, Child Fortune Plus, Samridhi Plus, Wealth Plus, Endowment Plus, Pension Plus, Flexi Plus, Health Protection Plus, Health Plus. Life insurance Corporation NAV Value displayed below is Latest LIC Nav Value.
Applicability of LIC NAV
The closing NAV of the day is applicable based on the following situation. Firstly, LIC collects the information of the total premium payments at the LIC servicing branch. Payments can by a Demand Draft of Local Cheque or through the ECS. However, LIC considers only the payments that its servicing branch receives till 03.00PM. The LIC takes the payments received after 03.00PM to calculate next business day’s NAV.
Likewise, the LIC also takes the following components to calculate next business day closing NAV:
- Death Claims,
- Valid and Genuine applications received for surrender
- Any partial withdrawals, etc.
However, LIC considers this kind of requests up to the limited time, i.e., 03.00PM, by its servicing office. LIC uses this component to calculate closing NAV of that specific day. LIC takes seven years highest NAV or NAV at the policy term into account to pay for their customers upon the maturity of the policy term. However, LIC follows the instructions that IRDA issues either the timings or any other guidelines.