Concept:When a life insurance policy is discontinued before maturity, the insurer pays the policyholder a specific amount calculated from premiums paid.Explanation:The amount paid to an assured person who stops paying premiums and discontinues a life policy is called the surrender value.It is usually less than the total premiums paid because the insurer deducts charges and the cost of risk cover.The sum assured is the amount payable on death or maturity, not on discontinuance.Net value and indemnity are not the amounts paid when a life policy is surrendered.Therefore, the correct option is surrender value.Answer:A. surrender value