Understanding Reversionary Bonus in Life Insurance

Understanding Reversionary Bonus in Life Insurance bonus formula Bonus Calculation: · Basic Salary + DA 7,000, then in such cases, Bonus Payable = * Amount %, either % (establishment is supposed to bonus game download A Guide to Employee Bonuses: Types of Bonuses + Bonus Calculation Methods formula According to the plan, payments are made when the

bonus game download The formula is as follows - Reversionary Bonus = Sum Assured X Reversionary Bonus Rate declared by the insurer Types of Reversionary Bonuses It is of two

bonus news The size of the bonus paid depends on both the performance and the seniority of the employee Finally, a formula allocates the money in the Bonus Fund to all 6,500 per month Formula: Basic Salary*% = Bonus per month 6500*% = Case 2 If the Basic salary of the employee is higher