Circular regarding Declaration of NAV on a Quarter ending day, which is holiday (dated-26.12.2022)-IRDAI.

  • 28th, December 2022
  • compfie_wp
  • Comments (0)
View Pdf

Circular regarding Declaration of NAV on a Quarter ending day, which is holiday (dated-26.12.2022)-IRDAI.

  • Attention is drawn to para 2 and 3 of scheduled I to IRDAI Investment Regulations, 2016 and by virtue of the power conferred under Regulation 17 of IRDAI Investment Regulations, 2016, it is clarified that life insurers can declare NAV on last day of each quarter, even if it is a non-business day, to sync the published NAV of a quarter end non-business day with the NAV as per the financials of ULIP funds on that day, refer attachment for further details.
Know how we make compliance
possible for 100+ Industries – Aparajitha Logo