Pooja Nema Asked a Question
December 31, 2019 5:10 pmpts 15 pts
Calculation of the Balance exceeding the Surrender Value Annual Premium charged to the Profit and Loss Alc. Add Less Surrender Value of Policy in the previous year. Surrender Value of Policy in the current year. = Balance exceeding the surrender value.
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  • Chetan prajapati Best Answer
    Surrender value is the amount of money that a policyholder or annuity holder would get from the insurance company in case they voluntarily terminate the policy before it's maturity...
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  • Jasleel
    Surrender value is the amount the pilicyholder will get from insurance company if he exit the policy before its maturity
    Likes(1) Reply(1)
    thanks I understood more than I could.... through the explanation given above.
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