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What is the meaning of surrender value?
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 date or the insured event occurs.