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First documentLife Insurance Bonuses: Types and How They Work?Open original ↗
A-371
Second documentHow Bonus Is Calculated in Life Insurance Policies?Open original ↗
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First paragraph60 words
Types of Bonuses in Life Insurance
When the previous year’s bonus adds up to the sum assured and the next year’s bonus is computed on this consolidated amount; it is referred to as compound reversionary bonus. The calculation is based on compound interest. However, since it is reversionary in nature, the bonus is payable upon maturity or the death of the policyholder as above.
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Second paragraph17 words
Types of Bonuses in Life Insurance Policy
Compound Reversionary Bonus: Compounded every year, raises the bonus amount and base sum assured year by year.
First paragraph43 words
How are Bonuses Calculated Under Life Insurance?
Interim Bonus: The interim bonus in insurance is paid in case a policy matures or at the demise of the policyholder. These bonuses are calculated for the number of days between the last bonus declared and when the policy matured or was claimed.
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Second paragraph26 words
Types of Bonuses in Life Insurance Policy
Interim Bonus: Paid upon maturity or settlement of a policy between bonus declaration dates. It bridges the gap between the last declared bonus and the settlement.
First paragraph79 words
How are Bonuses Calculated Under Life Insurance?
Compound Reversionary Bonuses: These bonuses are calculated as per the percentage of your total sum insured along with the previous accumulated bonuses, hence the word compound. Taking our previous example, in the first year of policy tenure, you will receive ₹10,000, which is 2% of ₹5,00,000. In the next year, assuming the standard rate remains at 2%, you will receive ₹10,200, which is 2% of ₹5,10,000 and so on, creating a compounding effect.
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Second paragraph17 words
Types of Bonuses in Life Insurance Policy
Compound Reversionary Bonus: Compounded every year, raises the bonus amount and base sum assured year by year.
First paragraph24 words
Types of Bonuses Under Life Insurance Policy
Life insurance policies provide financial protection to the policyholder’s family and offer additional bonuses to participating policyholders. December 24, 2025 7 minutes read
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Second paragraph27 words
How is Bonus Calculated?
Learn how insurance bonuses are calculated, types of bonuses, and what affects their value. Understand with our Insurance Bonus Calculator guide. December 24, 2025 10 minutes read