n NISM Certifications
NSM General NISM
Medium

What factors are used to calculate surrender values in insurance?

Practice question from IC 38 Mock Test 14 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. The type and plan of insurance, age of the policyholder, and the length of the premium-paying period

    Correct answer

  2. B

    The surrender value chart under the Insurance Act, 1938

  3. C

    The outstanding loan amount on the policy

  4. D

    The policyholder's financial income and morals

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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