Bonus: Is the additional amount which the insurer gives to
the policyholders out of the profits earned in a financial year.
Not exact matches
That fee would get built into the expenses would into the unit value, or, come
out of my firms
profit margins, which were for the good
of the participating
policyholders.
Some whole life plans also offer
policyholders a dividend — an annual payout that comes
out of the insurance company's
profits.
A dividend is a portion
of the insurance company's
profits that are paid
out to
policyholders as if you were a stockholder or investor.
The
profit or the excess amount that the company has earned through various investments, savings left
out of cost expense, etc. is distributed as bonus to all
policyholders.
There are other benefits found in this policy as well: ● Corporation
profits: In this case, the
policyholder can participate in the
profit earning opportunity given to them by the LIC and there they can also get bonuses
out of it.