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ULIP NAVs: Where?

Deepak Shenoy2 min read
Quick Facts
What is "ULIP NAVs: Where?" about?
What category is this article in?
Stocks
Who wrote this article?
Deepak Shenoy, Capitalmind's research team.
When was this article published?
Published 29 January 2006.
How long does this article take to read?
2 min read

There seems to be no single place which you can query for NAVs (Net Asset Values) of ULIP (Unit Linked Insurance Plans) of various Insurance Companies in India. (I have spoken about ULIPs earlier, here and here).

For Mutual Funds you can visit http://www.amfiindia.com for daily NAVs of all Mutual funds, both Open and Closed Ended. Unfortunately there is no such link for Insurance company ULIP NAVs.

Company

ULIP Name

NAV Page

AMP Sanmar

Kanaka Shree

Click Here

Aviva

All plans

Click Here

HDFC Insurance

All plans

Click Here

Prudential ICICI

All plans

Click Here

ING Vysya Life

All plans

Click Here

OM Kotak

All plans

Click Here

LIC

All plans

Click Here

Max New York Life

Life Maker (Investment)

Life Maker (Pension)

Click Here

Click Here

Met Life

All plans

Click Here

SBI Life

All plans

Click Here

Sahara India Life

Sahara Sanchay

Click Here (*)

TATA AIG

Individual Plan

Click Here

Group Pension Fund

Click Here

(* Sahara India Life: Very slow scrolling NAV appears on empty screen)

I firmly believe that all Insurance companies MUST send daily NAV details to AMFI India, after all the units are like Mutual Funds. Also the companies must detail out:

  • How many units are being removed as “monthly charge”

  • What is the Fund Management charge (is it hidden in the NAV)?

  • What are the mortality charges that apply to units? (This can’t be generalised because mortality charges are different for each person, but a subscriber should be able to get this online)

  • What are the other charges being applied? (There are a number of charges applicable explained earlier)

I believe points 1, 2 and 4 seriously impact your returns. For instance if I bought 1000 units today and the NAV gained 25% in one year. Have I made 25%? No! Because the Insurance company removed 50 units (say) as monthly charges, fund management charges etc. all together. (Forget the mortality charge for now, that’s not comparable)

So I made lesser money than I thought, and to find out how much I have lost, I have to keep asking the insurance company how many ULIP units I have left. Not a very sound investing principle, in my opinion, since you can’t calculate your liquidity!

But still, I hope this NAV Link List helps. Do add a comment if I’ve missed anyone out, or if the links are wrong.

Update 9/2/06: I found that a moneycontrol page that consolidates ALL the NAVs.