If you ever asked yourself, How to check current cash value of your ULIP? then then keep reading. Most of us don’t know how to calculate the maturity value or current cash value. You just guess the value, right? or may be calling your LIC agent every month to check the value.
To know the current cash value of your ULIP policy, you need to know the number of units you have.
LIC sends a separate latter to your postal address with the unit allotment details after bond papers are issued.
Once you know the units, visit to LIC NAV page at www.licindia.in/plan_navs.htm and locate the policy NAV.
For example: Let’s assume you have 50,000 units of Market Plus 1 Growth fund. Now we need to check Today’s NAV. At the time of writing Market Plus 1’s NAV was Rs.14.71/unit
Hence Current Cash value: 50000×14.71=735500
Your current Cash value will be Rs.7,35,500/-
As you know NAV may go up or may go down as per market condition. Its good to keep checking the cash value of your investment once in six month.