Examveda The most common form of bonus is A. Cash bonusB. Compound bonusC. DividendD. Reversionary bonusAnswer: 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. This Question Belongs to Commerce >> Insurance
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.
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