What is the Premium Redirection Feature In ULIP?
The insurer collects money from all policyholders and invests it in funds that they select. The overall corpus is divided into 'units' with a certain face value once the money has been invested. Following that, each policyholder is assigned ‘Units' in proportion to the amount invested. The Net Asset Value (NAV) is the value of each unit at any given time (NAV). The effect of changes in the value of the underlying assets is represented in the ULIP NAV.Read More