Surrender value is a percentage of
A. Investment value excluding interest
B. Loan value
C. Paid-up value
D. Capital invested
Answer: Option C
Solution(By Examveda Team)
Surrender value is a percentage of paid-up value of the insurance policy. If a policyholder decides to terminate the policy before maturity, the amount which the insurance company will pay to the policyholder is known as surrender value.Related Questions on Insurance
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