Question

What purpose does the Guaranteed Surrender Value (GSV) serve for policyholders?

a.

It guarantees a higher sum assured upon surrender

b.

It ensures immediate policy renewal

c.

It provides a fixed cash amount at any time

d.

It offers a minimum surrender value for the policy

Answer: (d).It offers a minimum surrender value for the policy Explanation:The Guaranteed Surrender Value (GSV) offers a minimum surrender value for the policy, ensuring policyholders receive a certain value upon surrender.

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Q. What purpose does the Guaranteed Surrender Value (GSV) serve for policyholders?

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