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Explain the Concept of Surrender-Value

Question 1

Multiple Choice

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.

Correct Answer:

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