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Bonus issue |
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Bonus issueSee: 'scrip issue'.Similar MatchesBon voyage bonusBon voyage bonusSee: Greenmail. Interim bonusInterim bonusA bonus declared by life companies when maturity of a with profits policy or death of the assured occurs between normal bonus declaration dates. No claim bonusNo claim bonusA bonus which is awarded to a policy holder when no claims have been made on an insurance policy during the period of insurance, usually one year. The bonus is subsequently applied to reduce the renewal premium. The motor insurance business uses this approach extensively and companies will usually increase no claim bonuses annually up to a maximum, typically 60%, after four or five years. This method of rewarding policy holders with no claims is sometimes used in household insurance. Terminal bonusTerminal bonusAn additional bonus paid to reflect the overall performance of a with profits life assurance policy at maturity or prior death of the life assured. See 'reversionary bonus'. Special bonusSpecial bonusAn additional bonus (that is, over and above the normal reversionary bonus) applied to a with profits life assurance policy when the life company's profits are exceptional. Further SuggestionsBonusesTerminal bonus Revisionary bonus compound reversionary bonus bonus children's bonus bond annual bonus reversionary bonus simple reversionary bonus Annual bonus Stock bonus plan No Bonus Clause Loyalty bonus |
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