What is NAV in insurance? & How to calculate every year benefit with (NAV) my insurance ? Please help me.???

Question

I insured in ICICI life time superpension . I pay 5,000/- twice a year (Till 3 years, means 30,000/-). When I take policy, the NAV is "10.00" . Till now means "One and half" year I paid 3 installments(15,000/-). But The ICICI statement shows now NAV as "11.06". ( the policy Agent says after 20yers I must get 4.5 Lakhs). Please tell me What way I count it or Calculate it every year. please tell me...

Answer 1

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