Question

Which of the following is not a method of payment of bonus?

a.

Simple reversionary bonus

b.

Guaranteed interest rates

c.

Paid-up additions

d.

Discount in premium

Answer: (b).Guaranteed interest rates Explanation:Guaranteed interest rate is the ‘Guarantee’ given in an insurance contract, not a method of bonus payment.

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Q. Which of the following is not a method of payment of bonus?

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