Terminal Bonus definition

Terminal Bonus means the bonus payable by Us in accordance with Section 3.5.2; andxxxviii. ''Terminal Illness" means the Life Insured being Diagnosed with a disease which, in the opinion of a Medical Practitioner and on approval of such an opinion by Our appointed Medical Practitioner, is likely to result in the death of the Life Insured within 6 (Six) months from the date of such certification by a Medical Practitioner.

Terminal Bonus means a bonus determined by Us as a percentage applied on the sum of Sum Assured and accrued Reversionary Bonus (if any);

Terminal Bonus means a bonus determined by Us as a percentage applied on the sum of Sum Assured and accrued Paid Up Addition (if any);

Examples of Terminal Bonus in a sentence

• Reversionary Bonus and Terminal Bonus have been calculated at the assumed non-guaranteed rates of return of 4% p.a. & 8% p.a. Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time.

• We may declare the Terminal Bonus based on our investment experience and discretion.

• Terminal Bonus: If the Policy has completed ten (10) Policy Years and all due premiums have been paid, the Company shall pay a Terminal Bonus, as declared, as a percentage of the Sum Assured.

• Under priorities 73 and 76, we recommend that the city engages in climate conversations with residents through its Community Planning structures and further recommend that it considers how to roll-out the Weathering Change model in the context of its review of Thriving Places.

• Death Sum Assured plus vested Compound Reversionary Bonuses, if any plus Terminal Bonus, if any.

More Definitions of Terminal Bonus

Terminal Bonus means the bonus payable by Us in accordance with Clause 1.4 of Part C;

Terminal Bonus means the bonus payable by Us in accordance with Section 3.5.1.2; and

Terminal Bonus means the bonus payable by Us in accordance with Section 2 (e).

Terminal Bonus means the bonus that we may pay in the event of a claim.

Terminal Bonus means the bonus(es) payable by Us in accordance with Clause 3.1.3 of Part C, if declared by Us .

Terminal Bonus means the non-guaranteed bonus declared, if any, as a percentage of Basic Sum Assured, subject to the availability of surplus and payable on Policy Maturity Date or on death of Life Assured, whichever is earlier.

Terminal Bonus means bonus declared or added on the termination, vesting or surrender (whether as a result of switching, early retirement or otherwise) of Policies and also bonus added from time to time on annuity payments from UWP Annuities, as the context requires;