If NSE price is not available on a particular valuation day, closing price of the secondary exchange i.e. National Stock Exchange (NSE) on valuation day. "Listed equity shares will be valued at the closing price at the primary exchange i.e. The revised equity valuation policy of SBI Life is as follows: has adopted NSE as the primary exchange and BSE as the secondary exchange for valuation of equity shares effective November 26, 2013. If such security is not listed/ not traded on the primary exchange, Insurer shall use the closing price of the secondary exchange. "As stipulated by IRDAI in its circular IRDAI/F&I/INV/CIR/2 dated October 30, 2013, insurer shall select from National Stock Exchange (NSE) and BSE Ltd (BSE) as primary and secondary exchanges and the valuation of equity shares shall be made on the closing price of the primary exchange selected. Also, the policy documents shall stand modified accordingly. Augand confirms that there will be no change in the number of units allotted to policyholders. Please note that SBI Life complies with the above mentioned changes w.e.f. Market Value of investment held by the fund + Value of Current Assets - Value of Current Liabilities & Provisions, if anyĭivided by the number of Units existing on Valuation Date (before creation / redemption of Units) Market value of investment held by the fund +/- Expenses incurred in the purchase/sale of the assets + The value of any current assets + Any accrued income net of fund management charges - The value of any current liabilities less provisions, if anyĭivided by the number of units existing at the valuation date (before any new units are allocated) We wish to inform all our policyholders / beneficiaries that in line with the recent changes introduced by IRDAI, the computation of Net Asset Value for Linked funds stands modified.
IRDA/Reg./ dated February 16, 2013, the computation of Net Asset Value for Linked funds stands modified. As stipulated by IRDAI in Annexure 2 of its circular F&I-CIR-INV-173-08-2011 dated J& restated in IRDAI (Linked Insurance Products) Regulations, 2013, Ref.
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