Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is compounded Reversionary Bonus?

Bonus compounded reversionary
0
10 Posted

What is compounded Reversionary Bonus?

0
10

Under this system, bonus declared for a particular year gets added to the sum assured and this figure is taken for calculation of bonus for the next year i.e. Bonus is also paid on the bonus additions to the sum assured.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.