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Question

Assertion :Surrender value of a life policy is generally more than its paid-up value. Reason: Paid-up value is payable to the insured only after maturity of the policy.

A
Both Assertion and Reason are true but Reason is the correct explanation of Assertion
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B
Both Assertion and Reason are true but Reason is not the correct explanation of Assertion
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C
Assertion is true but Reason is false
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D
Assertion is false but Reason is true
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Solution

The correct option is D Assertion is false but Reason is true
Assertion is false but Reason is true

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