Reversionary Bonus definition
Reversionary Bonus means the bonus(es) payable by Us in accordance with Clause 4.2 of Part C, if declared by Us;
Reversionary Bonus means the bonus that we may add to the policy during it’s term as a result of the bonus declared by the Board of IDBI Federal Life Insurance Company.
Reversionary Bonus means a non-guaranteed Bonus declared by the Company based on the performance of the Par Fund, and payable as follows:
Examples of Reversionary Bonus in a sentence
Once the Reversionary Bonus is declared and added/vested, it forms part of the guaranteed Benefit of the policy.
Reversionary Bonus The Reversionary Bonus is determined annually and credited to the policy on the following Policy anniversary.
The Company shall determine yearly, as a Simple Reversionary Bonus, that part of the divisible surplus if any, as may be distributed to this Policy.
The Reversionary Bonus is determined annually and credited to the policy on the following Policy anniversary.