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Pursuant to the Insurance Regulatory and Development Authority circular dated 29th
July 2011, the formula for computation of the Net Asset Value Per Unit (NAV) for
Unit Linked funds stands modified as under:
(Market Value of Investments held by the fund + Value of Current Assets - Value
of Current Liabilities & Provisions, if any) Divided by the number of units existing
at valuation date (before creation / redemption of Units).
Please note that the above change is effective 18th August 2011 and all the policy
contracts issued by life insurance companies (linked funds) stands modified to the
above extent.
There is no change to the number of units to the credit of any policyholder on account
of this change.
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