Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that
a
would be paid to mr Biu if he should discontinue with the policy
b
would be paid to mr Biu's beneficiary if he dies
c
is paid annually by mr Biu to the insurance company
d
the amount mr Biu has paid plus interest
Explanation
Correct Option
aNo explanation available
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