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The bonus in a life insurance policy in India is the additional amount paid by the insurance company to the policyholder over and above the sum assured. Bonuses for life insurance policies are calculated based on either a percentage of the total sum assured, or as a specific amount for every Rs.1000 of the total sum assured.
Here's how to calculate the bonus in a life insurance policy in India:
Also read to know more about Max Life Insurance: Premium Receipts, Surrender Value, Auto Pay
To check the fund value of your LIC (Life Insurance Corporation of India) life insurance policy online, follow these steps:
To download an Edelweiss Tokio life insurance policy statement, you typically need to follow the below steps.
To download a Canara HSBC OBC life insurance policy statement, you typically need to follow the below steps.
To download a Bharti AXA life insurance policy statement, you typically need to follow the below steps.
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