Insurance WAEC

Surrender value is the amount payable if the insured?

A. does not want to continue with the life policy
B. does not want to continue with car insurance
C. died when a policy is valid
D. died when a policy is not valid

Correct Answer: Option A

A. does not want to continue with the life policy

Explanation

Surrender Value‘ It is the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity, usually a whole life policy.

Sunday

Share
Published by
Sunday
Tags: Insurance

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

4 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

4 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

4 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

4 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

4 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

4 months ago