The phrase "fund value" refers to the worth or monetary value of an investment fund. It represents how much money the fund is currently worth. Full definition
The last loyalty addition a percentage of simple average of fund values on the last day of previous eight calendar quarters, before the maturity of the policy. (comparepolicy.com)
On survival of the life assured till end of the policy term, Total fund value as on the maturity date is payable. (comparepolicy.com)
Guaranteed loyalty additions will be 3 % of the average fund value in the investment account over the last 36 months preceding the loyalty allocation date. (idbifederal.com)