n NISM Certifications
NSM General NISM
Medium

What is the usual limit for policy loans based on the policy's surrender value?

Practice question from IC 38 Mock Test 19 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    100% of the surrender value

  2. B

    75% of the surrender value

  3. 90% of the surrender value

    Correct answer

  4. D

    50% of the surrender value

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

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