What is offer / bid price?
Offer Price is the fund price of that day on which notional Units are created out of the Basic / Adhoc premium allocated to the Unit Account of the Policy. Bid Price is the fund price of notional Units available in the Unit Account of the Policy on any given date during the tenure of the Policy. Units are encashable, as per Standard Policy Conditions and Company Rules, from the Unit Account of the Policy by the Policy Owner at the Bid Price. Currently there is difference of 5% between Offer and Bid Price.
