When is bonus added to policy with quarterly premium ?

POSTED BY manishs ON December 25, 2013 7:58 am COMMENTS (3)

I have taken endowment policy in Jan paying quarterly premium (Jan-Apr-July-Oct).

When is bonus added to this policy. Does it depend on particular month, common to any commencement date or is it after first second third or fourth premium paid for a particular year. I want to know so as to know when loan amount is increased.

3 replies on this article “When is bonus added to policy with quarterly premium ?”

  1. rockingguy says:
    December 26, 2013 at 3:20 pm

    Bonus is added at the end of every financial year (ie. 31st March)

    Loyalty bonus is added (based on performance of the insurance company) at the time when policy matures

    Reply
  2. Basavareddy says:
    December 26, 2013 at 11:50 am

    Based on performance of the company during each finacial year they add bonus to your policy.

    Regards,

    Basavareddy.

    Reply
  3. ashalanshu says:
    December 25, 2013 at 11:44 pm

    Dear Manish, the bonus ‘ll be added on your policy anniversary date.

    Thanks

    Ashal

    Reply

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