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Commerce · Q447

Insurance

Graduate and Post Graduate · Commerce · question 447

Q447

In case of _________, a company expresses the bonus as a percentage of basic benefit and already attached bonuses.

A.
Reversionary bonus
B.
Compound bonus
Answer
C.
Terminal bonus
D.
Persistency bonus

Answer: Option B

Solution

Answer: Option B
Solution:
In case of Compound bonus, a company expresses the bonus as a percentage of basic benefit and already attached bonuses.