GCE Commerce 2024 Objective — Question 29
Question 29 of 50 from the General Certificate of Education (GCE) Commerce 2024 Objective paper, with the correct answer and a full explanation.
Advertisement
The amount an assured receives if he discontinues a life policy is
- A. A. surrender valueCorrect
- B. B. sum assured
- C. C. net value
- D. D. indemnity
Explanation
Surrender value is the amount paid to a policyholder who discontinues a life insurance policy before maturity.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.