Tag Archives: terminal

Types of Life Insurance Bonus

By | June 22, 2013

There are three types of Life Insurance bonus. 1. Simple Reversionary Bonus It is the bonus declared against the sum assured of the policy. 2. Compound Reversionary Bonus It is the bonus declared against the sum assured and also against the already declared bonus till previous year. 3. Terminal Bonus It is the one timeā€¦ Read More »