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.Related Questions on Insurance
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