Bonus Information FY 19-20 - v2 - tcm47-73104
Bonus Information FY 19-20 - v2 - tcm47-73104
Bonus Information FY 19-20 - v2 - tcm47-73104
For Met Ultimate Plan a one-time special bonus of 0.5% of SA for policies claiming (deaths/maturities/surrenders)
from premium paying or fully paid up status in FY 2020-21 has been declared.
# In case of compound reversionary bonus, the rates are expressed as a % of “Sum assured” plus “accrued bonus”
(i.e. bonus already credited to the policy till date). In case of Simple reversionary bonus, the rates are expressed as
% of “Sum assured” only.
The above bonus rates have to be credited to all eligible policies (refer the respective policy terms & conditions) on
the policy anniversary falling during the FY 2020-21 (1st April 2020 to 31st March 2021, both dates inclusive),
provided the policy is in-force. It may also be noted that the same rates will be used for calculating the interim
bonus during the inter-valuation period (i.e. time period during the next financial year but before the bonus
declaration).
All other terms & conditions for the bonus eligibility shall remain same.