HomeEducationTypes of bonuses in Life Insurance: #2 Compound revisionary bonus
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Types of bonuses in Life Insurance: #2 Compound revisionary bonus
Wednesday, July 12, 2017, 3:48 PM
This bonus is calculated on the basis of compounded interest. Every year’s bonus is added to the sum assured and the next year’s bonus is calculated on the increased amount. One can get the total bonus only on the maturity of the plan or death as that is 'reversionary' in nature.