Sentences with phrase «simple reversionary bonus compounded»
This policy accrues Simple Reversionary Bonus compounded annually.
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The reversionary bonus consists of two types: the simple reversionary bonus that does not add on to the sum assured and the compound reversionary bonus that adds to the sum assured.
For example, whether it is cash bonus and the options allowed with it or in the case of reversionary bonus you may want to check if it is simple or compounded.
The bonus amounts in this plan do not increase the sum assured (being simple reversionary bonus and not compound reversionary bonus)
Such bonuses can be further classified as simple reversionary bonus and compound reversionary bonus on the basis of difference in the way they are accrued.