Which of the new guidelines for traditional products is not true?

A For participating policies, bonus is linked to performance of the fund
B Bonus once announced becomes a guarantee
C Such a bonus is called Terminal Bonus
D For Non-par policies, returns are disclosed at the beginning of the policy

Correct Answer: Such a bonus is called Terminal Bonus

For participating policies, bonus is linked to performance of the fund. Bonus once announced becomes a guarantee. Such a bonus is called Simple Reversionary Bonus.
Bissoy MCQ
#Commerce #Insurance

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