Bonuses once declared, get attached to the policy and can’t be taken away
Bonuses form part of liability of a company
Premiums need not have been paid for a specified no. of years
All of the above
✅ The correct answer is C.
In respect of Bonuses, Premiums need to be paid for a specified no. of years.
In respect of Bonuses, Premiums need to be paid for a specified no. of years.