The amount paid by the insurance company to the insured upon giving up his policy...

Commerce

WAEC 1990

The amount paid by the insurance company to the insured upon giving up his policy is called?

A. Surrender value
B. cash bonus
C. assured sum
D. dividend
E. premium

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Correct Answer: Option A

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The amount paid by the insurance company to the insured upon giving up his policy...

Correct Answer: Option A

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