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The insurer's own surrender value, based on the policy's paid-up value, paid when it beats the guaranteed one.
The SSV is usually the paid-up value multiplied by a factor the insurer sets, which depends on the policy year and the time left to maturity. Insurers can revise the factors with the regulator's approval, so the SSV is not guaranteed in the way the GSV is.
Most policies pay the higher of the two after the first few years.
Figures on this page are filled from the same tax and scheme tables the calculators use, for the current financial year. Every term in the glossary.