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