Cryptocurrency Q&A What is simple bonus?

What is simple bonus?

EnchantedSky EnchantedSky Tue Dec 10 2024 | 5 answers 1132
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. What is simple bonus?

5 answers

Elena Elena Thu Dec 12 2024
The Simple Reversionary Bonus is a type of insurance bonus that accumulates annually.

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Daniele Daniele Thu Dec 12 2024
This bonus is payable under specific circumstances, such as when a policyholder raises a death or surrender claim.

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DigitalDynastyQueen DigitalDynastyQueen Thu Dec 12 2024
Another scenario in which the bonus is payable is at the maturity of the insurance policy.

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isabella_doe_socialworker isabella_doe_socialworker Thu Dec 12 2024
The bonus is declared as a percentage of the sum insured.

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Lorenzo Lorenzo Wed Dec 11 2024
Specifically, it is expressed as a percentage per thousand of the insured amount.

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