n NISM Certifications
NSM General NISM
Medium

What is a Compound Bonus?

Practice question from IC 38 Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Bonus expressed as a fixed amount per thousand sum assured

  2. B

    Bonus given to policyholders annually

  3. Bonus expressed as a percentage of the basic benefit and already attached bonuses

    Correct answer

  4. D

    Bonus paid at the time of policy purchase

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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