Accountancy, asked by yuvrajrajput254, 1 month ago

QUESTION - 1/35 2018033800067127:
Bonus declared only for claims of the ensuing year without any commitment about
subsequent vears is

Answers

Answered by rachitrandad31
3

Answer:

It is a payout one receives in addition to the entitled basic sum assured. The concept of the bonus is simple. The extra sum which keeps accumulating under the plan every year is paid to the policyholder at death or upon maturity.08-Oct-2020

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