For participating policies, bonus is linked to performance of the fund
Bonus once announced becomes a guarantee
Such a bonus is called Terminal Bonus
For Non-par policies, returns are disclosed at the beginning of the policy
✅ The correct answer is C.
For participating policies, bonus is linked to performance of the fund. Bonus once announced becomes a guarantee. Such a bonus is called Simple Reversionary Bonus.
For participating policies, bonus is linked to performance of the fund. Bonus once announced becomes a guarantee. Such a bonus is called Simple Reversionary Bonus.