Surrender value expressed as a percentage of premiums paid is called –

A. Guaranteed surrender value

B. Special surrender value

C. Special revival value

D. Minimum surrender value

Answer: Option A

Solution(By Examveda Team)

Surrender value expressed as a percentage of premiums paid is called Guaranteed surrender value. The guaranteed surrender value is the amount guaranteed to the policy holder in case of voluntary termination of the policy by the policy holder before maturity.