Search in

Home Education Types of bonuses in Life Insurance: #3 Terminal Bonus

For more knowledge from around the globe get Indianmoney App Now

Google Play
Get the Best Financial Advice on Endowment PlanClick Here
Education Image

Types of bonuses in Life Insurance: #3 Terminal Bonus

Wednesday, July 12, 2017, 10:24 AM

As the name suggests, terminal bonus is added only on the maturity of the policy or on death. It is a one-time bonus that the insurer may declare for policyholders who have run the policy till its original term. This bonus will therefore not be payable on policies which have acquired paid-up value or have been surrendered.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
Get It now!

This is to inform that Suvision Holdings Pvt Ltd ("") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.