Reversionary bonus is declared as an amount

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Reversionary bonus is declared as an amount

A. Per thousand premium paid

B. Per thousand surplus of the company

C. Per hundred premium paid

D. Per thousand sum insured

Answer: Option D

Solution (By Examveda Team)

Reversionary bonus is the bonus declared every year as a percentage of (Guaranteed Maturity Benefit/Sum Assured + Earlier Reversionary Bonuses). It is payable on the death of life assured or maturity of the policy.

This Question Belongs to Commerce >> Insurance

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