Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that
-
A.
would be paid to mr Biu if he should discontinue with the policy -
B.
would be paid to mr Biu’s beneficiary if he dies -
C.
is paid annually by mr Biu to the insurance company -
D.
the amount mr Biu has paid plus interest