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What is the system of bonus calculation?

LIC follows a system of reversionary addition to the sum assured at the rate per thousand of sum assured declared every year. Bonus vests with the policy if it is in force. Paid up policies are not eligible for bonus.

LIFE INSURANCE - FAQ :

What is a term assurance?
What is whole life plan?
What is an endowment assurance plan?
What is money back plan?
What is an assignment?
What is a nomination?
Can I take a loan on my policy ?
How can I revive a policy?
What is the procedure in case of a lost policy?
What are the Tax benefits available?
What is surrender value?
How much life insurance should an individual own?
When does a policy acquire paid up value?
What is meant by "mortgage redemption policy"?
What is the benefit of opting riders/add ons?
What is permanent total disablement?
What is meant by a 'with profit plan'?
At what intervals are actuarial valuations conducted?
What is the system of bonus calculation?
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