Question

terminologies used premiun ,face value ,market value ,maturity value surrender value and their meanings

Answer 1

The terminologies used are premium- it is the price of insurance coverage for a specified risk.

Market value- it is the fair price of something that can be sold in its current condition.

Surrender value- is the amount payable to a person who surrenders a life insurance policy.

Maturity value- it is the amount payable to an investor at the end of holding period

Answer 2

Answer:

Explanation:

"premium- it is the price of insurance coverage for a specified risk.

Market value- it is the fair price of something that can be sold in its current condition.

Surrender value- is the amount payable to a person who surrenders a life insurance policy.

Maturity value- it is the amount payable to an investor at the end of holding period.

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