?
Surrender value is a %age of _________
Answer & Solution
Correct Answer:
Option
C
Surrender value is a %age of Paid up value. Surrender value is the amount payable to the policyholder should he decide to discontinue the policy and encash it. It is payable only after three full years' premiums have been paid to the insurance company.
Join the Discussion
Login to post a comment or share your explanation.
Login