terminologies used premiun ,face value ,market value ,maturity value surrender value and their meanings
Answers
Answered by
32
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
Answered by
7
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.
"
Similar questions