Insurance companies working today, which is the last day on the financial year, should declare the net asset value (NAV) for March 31, 2012 for unit linked business, according to the Insurance Regulatory and Development Authority.
In a circular, the regulator has said applications received up to 3.30 pm on Saturday shall be stamped and the net asset value of March 31, 2012 should be applied. Those applications received after 3.30 pm would fall into the next financial year, IRDA said.