Surrender value means: The net value of cash received on surrender of policy. The unpaid value of the policy The total value received by the policy holder. The present cash value of the policy which a holder gets on surrendering all the rights of the policy.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Surrender value means:
The net value of cash received on surrender of policy.
The unpaid value of the policy
The total value received by the policy holder.
The present cash value of the policy which a holder gets on surrendering all the rights of the policy.
Transcribed Image Text:Surrender value means: The net value of cash received on surrender of policy. The unpaid value of the policy The total value received by the policy holder. The present cash value of the policy which a holder gets on surrendering all the rights of the policy.
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