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 - SchoolNGR

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Mr Biu has been paying the premium of a straight Life Assurance policy for several ...

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

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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

Correct Answer: Option A

Explanation:

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