SBI Life Insurance reversionary bonus

Mumbai: SBI Life Insurance Company Ltd has announced reversionary bonus on its policies, which will be added to policies that are in force as on March 31, 2005.

The bonus would become payable to the policyholder upon survival till the maturity date, or to the nominee along with death claim benefit payment.

On Lifelong Pensions, over the minimum guaranteed return of 4 per cent per annum the company also announced a 2 per cent simple reversionary bonus as on March 31, 2005, and a special ad-hoc one-time bonus of 4 per cent per annum declared on September 30, 2004.

On endowment policies, like Sudarshan, a 2 per cent bonus has been declared on the sum assured on Plan A, 1.5 per cent bonus on Plan B and on Sanjeevan Supreme a bonus of 1 per cent. The bonus on the children's policies is 2.5 per cent for Scholar and 1.25 per cent for Scholar II and on money-back policies 1.25 per cent.

On Sanjeevan and Young Sanjeevan, the bonus is 1 per cent of the sum assured.