A "terminal bonus" is a sum of money that is given as an extra payment at the end of a certain period, such as when a person's work or investment comes to an end. Full definition
This plan will also cover the life of the insurer and at the end years your kid will get lump - sum amount in 4 installments with final terminal bonus if any. (mydailylifetips.com)
The Company may declare a discretionary terminal bonus which is payable on death or maturity of the plan. (comparepolicy.com)
You may also receive non guaranteed terminal bonus either on death or maturity. (bharti-axalife.com)