Explain the Concept of Surrender-Value. – McqOptions

MCQOPTIONS

1.	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» C. Minimum Compensation, Available Under the Policy.

Discussion

No Comment Found

Related MCQs

What is the Subject-Matter of Life Assurance?
Who is protected under the In-Contestability Clause included under a Life Assurance Policy?
As per the Suicide Clause, if the Life-Assured Dies, as a Result of Suicide, After 3 Years of the Issue of Policy, What Does the Beneficiary Receive as the Claim?
Section 45 (Indisputability Clause) of Insurance Act, protects the Insured, from Rejection of Claim, by the Insurer; provided the Policy has completed --. Choose the Most Appropriate Option.
Identify the Document, that evidences a Contract, between the Insurer and the Insured.
If Complex Language is used to word a Certain Policy- Document, and it has given Rise to an Ambiguity, How Will it generally be construed?
Summarise "Contracts of Adhesion", for us.
Give us, the Proof of Contract between the Insurer and the Insured.
Compare: Gambling and Insurance.
What Does, First Premium Receipt (F.P.R.), signify?