Surrender value is a percentage of

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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.

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