Paragraph match score 81.2%
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Key Takeaways
Simple and compound reversionary, interim, and terminal bonuses are the different types of bonuses in insurance The bonus value is subject to company profits, returns on investment, and policy conditions
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Key Takeaways
There are 5 types of bonus in insurance. Simple Reversionary Bonus, Compound Reversionary Bonus, Interim Bonus, Cash Bonus, and Terminal Bonus.