Business Studies, asked by jtsydudjgfjf908, 6 months ago

Till what period is interim bonus valid

Answers

Answered by akhileshgg

Answer:

30 years

The bonus amount is paid upon maturity or death of the policyholder. For example, for a term of 30 years, bonus will be paid only after 30 years. However, if the policyholder dies after the 10th year, the insurer will pay bonus accumulated until that day to the nominee.

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