Glossary

Fund value

The current worth of the units held under a unit-linked policy.

Fund value is the number of units you hold multiplied by their current net asset value. It moves with the markets your chosen funds are invested in.

It is not a guaranteed amount, and it is not the sum assured.

Related terms

  • ULIP A unit-linked insurance plan. Part of the premium buys cover, the rest is invested in funds you choose.
  • NAV Net asset value — the per-unit price of a fund, published regularly.
  • Unit A share in a fund under a unit-linked policy.

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