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This question belongs to Commerce Insurance

Insurance

?

The most common form of bonus is

A) Cash bonus B) Compound bonus C) Dividend D) Reversionary bonus

Answer & Solution

Correct Answer: Option D

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.

Question posted by Examveda

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