Phrases with «reversionary bonus»

A reversionary bonus refers to an additional amount of money or benefit that is given to someone when they inherit or receive something from an older generation, such as property or a pension. It is like an extra reward or an increase in value that comes with the inheritance or receipt of the item. Full definition

Related phrases

Sentences with «reversionary bonus»

  • The principal sum amount created to provide pension to the old age is the sum assured + simple reversionary bonus + accrued guaranteed additions + terminal bonus. (policybazaar.com)
  • If the insured person survives the tenure of the policy, he / she would be paid Sum Assured + accrued Reversionary Bonus + Final Addition Bonus (if any) under the maturity benefits and the policy terminates there and then. (policyx.com)
  • Vesting Benefit at the end of the 20th year will be Sum Assured + Vested Simple Reversionary Bonus + Terminal Bonus, if any. (reliancenipponlife.com)
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