Chennai: The city-based private life insurer AMP Sanmar Company has declared reversionary bonus on its various participating policies that are in force as on 31 March 2003.
Reversionary bonus when declared is added to the policies and will be paid the insured or legal heir or nominee at the time of maturity or claim. The bonus rates are as follows:
Nithya Shree: Whole Life Plan
Bonus of 7 per cent simple on the sum assured, consisting of 4 per cent reversionary plus 3 per cent additional non-recurring reversionary.
Subha Shree: Special Endowment Plan
Bonus of 3.5 per cent compound (2 per cent regular reversionary bonus plus 1.5 per cent additional non-recurring reversionary bonus).
Dhana Shree (Money Back Plan) and Yuva Shree (Child Protection Plan)
Bonus of 3.5 per cent simple (2 per cent regular reversionary bonus plus 1.5 per cent additional non-recurring reversionary bonus).