In respect of Bonuses, which of the following is incorrect?

A. Bonuses once declared, get attached to the policy and can’t be taken away

B. Bonuses form part of liability of a company

C. Premiums need not have been paid for a specified no. of years

D. All of the above

Answer: Option C

Solution(By Examveda Team)

In respect of Bonuses, Premiums need to be paid for a specified no. of years.