Multiple choice

In respect of payment of Reversionary Bonuses, which of the following is incorrect?

  1. Payable on maturity

  2. Payable on surrender

  3. Payable at any time during the term of a policy

  4. Payable on death
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Reversionary Bonuses are declared regularly and paid at the end (at the time of claim), i.e. on maturity of policy or death of the person. Hence, option (3) is incorrect.

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