InsuranceInsurer Per-cause deductible Businessowners policy Money Back Plan Primary Policy Cash value option
Policy Bonuses
Participating policies offer policyholders the opportunity to receive a portion of the company's profits through bonuses. These bonuses are typically divided into two types for insurance policies. The first is a reversionary bonus, which is declared at the beginning of the policy and paid out at the time of maturity. The second is a terminal bonus, which is only paid out upon the policy's termination or claim. Both types of bonuses serve as an added incentive for policyholders to invest in participating policies.
Related terms
Understand the meaning and definition of Insurer in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Per-cause deductible in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Businessowners policy in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Money Back Plan in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Primary Policy in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Cash value option in the context of stock market, trading, and investments.
MORE
Explore other categories
10 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
