Terminal Bonus
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abhishek15512
Terminal Bonus as the name suggests, terminal bonus is added when the policy matures or on death. It is a one-time bonus that the insurer may declare for policyholders who have run the policy till maturity. This bonus will therefore not be payable on policies which have been surrendered. Check out the below mentioned link to know more about the terminal bonus:
Arpit Surana
Thanks for sharing abhishek15512 wrote:Terminal Bonus as the name suggests, terminal bonus is added when the policy matures or on death. It is a one-time bonus that the insurer may declare for policyholders who have run the policy till maturity. This bonus will therefore not be payable on policies which have been surrendered.
Check out the below mentioned link to know more about the terminal bonus:
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