If you own a participating insurance policy, you may have heard about bonuses that insurers declare. But what do they mean? 🤔 📌 Reversionary Bonus – This is a guaranteed bonus added to your policy every year, once declared. It gets locked in and is payable along with the sum assured at maturity or on the policyholder’s demise. The longer your policy tenure, the more bonuses you accumulate! 📌 Terminal Bonus – This is a one-time, non-guaranteed bonus given at the end of the policy term (maturit
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