[Solved] Explain the Concept of Surrender-Value.

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Q.	Explain the Concept of Surrender-Value.
A.	Maximum Compensation, Available Under Policy.
B.	Cash-Value, Associated with the Policy, in Case, the Premiums have been Paid, for 3 Years, at least.
C.	Minimum Compensation, Available Under the Policy.
D.	Compensation, Available Under the Policy, At Any Given Point of Time.
Answer» B. Cash-Value, Associated with the Policy, in Case, the Premiums have been Paid, for 3 Years, at least.

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Insurance Exam (LIFE)

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