A bonus paid on certain life insurance policies either at maturity, or if a claim is made.
This bonus is paid at the end of an endowment mortgage and will depend on the performance of the investment fund you are using to repay your mortgage.
A lump sum bonus added to the plan when it reaches the end of its term. The actual amount will depend on investment conditions and will only be calculated at maturity. It is not guaranteed.This bonus may also be added if the plan holder dies or surrenders the plan after it has been up and running for 10 years.