HomeEducation Education Types of bonuses in Life Insurance: #1 Simple revisionary bonus: Types of bonuses in Life Insurance: #1 Simple revisionary bonus:

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Types of bonuses in Life Insurance: #1 Simple revisionary bonus:

Types of bonuses in Life Insurance: #1 Simple revisionary bonus:

Wednesday, July 12, 2017, 3:40 PM
Simple revisionary bonus is calculated on the basis of simple interest. For example, if you have plan for the term of 10 years, which has sum assured of Rs 10 Lakhs and company has declared Simple revisionary bonus of 2.5%, the bonus declared is 25,000 which will be accumulated and paid at the time of maturity or death claim.
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