Question

What is the Surrender Value of an insurance policy?

A The amount the policyholder receives upon policy expiry.
B The premium amount paid by the policyholder.
C An amount paid to the policyholder when they surrender the policy before its full term.
D The interest earned on the policy amount.
E The tax payable on the insurance policy.
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)