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The surrender value of fire insurance …

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The surrender value of fire insurance policy is a) Amount of policy b)50% of amount of policy c)Amount of Premium d)Zero

Posted by Saloni ? 4 years ago

CBSE > Class 11 > Business Studies

2 answers

Esther Joseph 4 years ago

there is no surrender value in fire insurance policy.There is no element of investment in the policy of fire insurance.

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Yogita Ingle 4 years ago

Surrender of Insurance Policy means to cash of life insurance policy before benefits are due to be paid. The Surrender Value of an Insurance Policy is the amount given to the insured at a time, when he is unable to pay premium related to Insurance Policy.

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