Question

4. Find the paid up value of an endowment insurance policy of Rs. 1,20,000 for a term.
of 25 years, after paying 11 years premiums?​

Answer 1

Answer:

Surrender Value = 50% of (premium paid – first year premium)

= 50% of (120000 – 20000)

= 50% of 1,00,000

= Rs. 50,000