Declaration of NAV on a quarter ending day, which is a holiday.

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An. INSURANCE REGULATORY AND icles DEVELOPMENT AUTHORITY OF INDIA CIRCULAR REF: IRDAI/F&I/INV/CIR/248/1 2/2022 26" December, 2022 Sub: Declaration of NAV on a quarter ending day, which is a holiday. Attention is drawn to Para 2 and 3 of Schedule | 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. (Ammu Venkata Ramana) GM (F&l) aa 4. 115/1, reafrre Pefeeae, areerET, FecraTa-500 032, HWA | Survey No. 11/1, Financial District, Nanakramguda, Hyderabad-500 032, India © : +91-40-2020 4000 aaarse : www.irdai.gov.in ©) : +91-40-2020 4000 Website : www.irdai.gov.in