Bonus in life insurance context refers to the share of profits of the insurance company, which is distributed or shared with the policy holders. (sudlife.in)
Participating policies share profits of the insurance company with the policyholder. (compareinsurancesonline.ca)
WithoutProfit Endowment Plans: Withoutprofit endowment plans have no participation in the annual profits of the insurance company. (policybazaar.com)