Bonus is the share of profits generated by the company's participating policyholder's funds, which are added to their guaranteed maturity benefits, thus enhancing the corpus.
In the past few months, many life insurance companies increased the proportion of non-participating saving products with guaranteed returns as an alternative to the falling bank fixed deposit rates
The alliance will enable customers of RBL Bank to access and seamlessly purchase customer-centric protection and long-term savings products of the company.