The value of the units of a Unit Linked policy is termed as :

A. Gross Asset Value

B. Net Asset Value

C. Bonus

D. Guaranteed addition

Answer: Option B

Solution(By Examveda Team)

The value of the units of a Unit Linked policy is termed as Net Asset Value. Net asset value (NAV) is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value.