The simple reversionary bonus is offered to the policyholder along with the basic sum assured amount at the time of maturity of the policy or as death benefit. (policybazaar.com)
Maturity payout: The second payout equal to Guaranteed Maturity Sum Assured plus Reversionary Bonus (if any) plus Terminal Bonus (if any) will be paid at the time of Maturity of the Policy i.e. at the end of the Policy Term. (life.futuregenerali.in)
In such cases, the insured party would receive a survival benefit in the 5th, 10th and 15th year of the policy and the remainder of the survival benefit at the time of maturity of the policy in the 20th year. (policybazaar.com)