Glossary

NAV

Also called net asset value.

Net asset value — the per-unit price of a fund, published regularly.

NAV is what one unit of a fund is worth. Premiums buy units at the prevailing NAV, and the fund value is units multiplied by NAV.

It moves with the underlying investments, in both directions.

Related terms

  • Fund value The current worth of the units held under a unit-linked policy.
  • Unit A share in a fund under a unit-linked policy.
  • ULIP A unit-linked insurance plan. Part of the premium buys cover, the rest is invested in funds you choose.

Back to the glossary · The four categories · How applying works

Last reviewed: