The amount of money paid by the insurer to the insured in consideration of the latter's surrendering the policy to the former is known as surrender value.
This value is assessed if the policyholder wants to discontinue his policy after premiums have been paid for three consecutive years. It is less than the premiums already paid.
More stories by Business Habit
The facility to add a passport and ID to iPhone and Apple Wallet has been launched. Photo: AppleApple has introduced the ability to add a passport to Apple Wallet. With the new Digital ID feature, iPhone and Apple Wa...
Photo: ElectreonThe production and use of electric vehicles is currently increasing worldwide because they are fuel-efficient and environmentally friendly. However, these vehicles can only be charged at home or at sp...
Amazon founder Jeff Bezos has expressed optimism about the future of human civilization. According to him, the world is not on the verge of destruction due to technological advancements, but is entering an era of new...
Chinese automaker BYD Co Ltd announced on Friday that it will recall about 115,000 vehicles produced between 2015 and 2022. This includes its popular Tang series and Yuan Pro EV models.The main reasons for the recall: design flaws and manufacturing p
Bangladeshi startup OneBrain AI has participated in the 'OpenAI DevDay 2025' organized by OpenAI, the developer of ChatGPT. OpenAI's CEO Sam Altman and OneBrain AI officials met with the company's developer team at the conference held in San Francisc