What is paid by the insurer when the policyholder decides to discontinue the policy?

LohaHridoy
  1. Forfeiture
  2. Surrender Value
  3. Intermediate Claim
  4. Lapse

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AhmedNazir

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Answer: Option 2

If a policyholder decides to terminate the policy before maturity, the amount which the insurance company will pay to the policyholder is known as surrender value.

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