Most life insurers are in position to pay out non-guaranteed bonuses

Singapore

MOST of the 10 major life insurers here now have less of an excuse not to pay out non-guaranteed benefits or bonuses on their products linked to participating funds - because they are all in a position to do so, the latest filings show.

In a participating or Par insurance product, a reversionary bonus is an annual bonus that cannot be reduced once it is added; a terminal bonus is added on top of the reversionary bonus and allocated to policyholders when they make claims or when their policies mature.