Loyalty additions are paid as a one time profit in some insurance policies in lieu of a easy reversionary bonus (SRB). The primary distinction is that, not like the straightforward reversionary bonus, which turns into part of the coverage advantages as and when it’s declared, loyalty additions shall be out there to the policyholder solely on the time of exit from the coverage. In different phrases, declared loyalty additions turn out to be relevant solely to the insurance policies getting exit, by means of demise, give up, or maturity, within the declared 12 months (topic to the situations of the plan).
