Definitions for "Reversionary Bonus"
A regular bonus added to the plan each year. Once added to the plan it cannot be taken away.The amount of bonus each year is based on investment performance and is declared by the plan provider's chief actuary.
The general term for the annual valuation and distribution of surplus to with-profits policyholders.
an insurance amount in addition to the face amount and whenever vested in the policy is payable together with the face amount on happening of the insured event