Question

What does NAV stand for in the context of ULIPs?

a.

Net Asset Value

b.

New Asset Valuation

c.

Nominal Asset Value

d.

National Asset Variation

Posted under IC 89 Management Accounting

Answer: (a).Net Asset Value Explanation:The gains in the value of ULIP assets are reflected in the Net Asset Value (NAV) of the units.

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Q. What does NAV stand for in the context of ULIPs?
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