The most common form of bonus is
A. Cash bonus
B. Compound bonus
C. Dividend
D. Reversionary bonus
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 death of the life assured or maturity of the policy.Related Questions on Insurance
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