Just wondering - How do calculation of NAV return happen with ULIPS?
Calculation of NAV in ULIPS?
Just wondering - How do calculation of NAV return happen with ULIPS?
NAV or Net Asset Value is the value of the asset held by the insurance company after deducting the various charges like admin charges etc.How do calculation of NAV return happen with ULIPS?
Rules/Guidelines at PolicyWala | Help Old People |
I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
Here is a list of charges applicable on ULIPs -Originally Posted by tigershark
1- Premium allocation charge
2- Fund management charge
3- Surrender charges
4- Mortality charges
5- Fund switching charges
After deducting above charges from the Net Asset value, the NAV is declared.
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Just to add other charges on the above list -
Partial withdrawal charges
Policy administration charges
Revival charges
Miscellaneous charges
Rules/Guidelines at PolicyWala | Help Old People |
I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
Thanks a lot for your input!
Where do I find out the percentage of these charges deducted from my premium?
Percentage of each charges very company to company but maximum limit is fixed to 2.25% by IRDA for above 10 years of duration.
Rules/Guidelines at PolicyWala | Help Old People |
I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
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