Need A Financial Product Forums Insurance How loyalty addition bonus is calculated for Jeevan Saral policy

This topic contains 1 reply, has 2 voices, and was last updated by  Vasant Shah 2 years, 1 month ago.

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  • #48020

    Vasant Shah
    Member

    If I have Jeevan Saral policy with SA Rs. 1 lakh, in 1st year loyalty bonus is declared Rs. 250 per thousand then I will get Rs. 25,000. In 2nd year, if declared bonus is Rs. 280 then will I get Rs. 25,000 or Rs. 53,000? What kind of bonus is given on maturity of policy?

    #48021

    Rahul Batra
    Member

    Declared bonus on Jeevan Saral policies is given on policies which are surrendered, matured or on which claim has been paid. For active policies, there is no bonus. On maturity you will get maturity sum assured + loyalty addition bonus declared in maturity year.

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