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This question belongs to Commerce Insurance

Insurance

?

Loan value is a percentage of –

A) Paid up value B) Surrender Value C) Revival Value D) None of the above

Answer & Solution

Correct Answer: Option B

Loan value is a percentage of Surrender Value. The loan amount you can take out is a percentage of its surrender value. Usually, loans can be availed up to 80-90% of the surrender value of traditional plans with guaranteed returns.

Question posted by Examveda

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