I want to know what a simple bonus is. Can someone explain it to me in simple terms? I'm not familiar with this concept and need clarification.
5 answers
Elena
Thu Dec 12 2024
The Simple Reversionary Bonus is a type of insurance bonus that accumulates annually.
Daniele
Thu Dec 12 2024
This bonus is payable under specific circumstances, such as when a policyholder raises a death or surrender claim.
DigitalDynastyQueen
Thu Dec 12 2024
Another scenario in which the bonus is payable is at the maturity of the insurance policy.
isabella_doe_socialworker
Thu Dec 12 2024
The bonus is declared as a percentage of the sum insured.
Lorenzo
Wed Dec 11 2024
Specifically, it is expressed as a percentage per thousand of the insured amount.