Oracle® Insurance Policy Administration 9.1.0.0.0 E15811-01

# Bonus

The Product Templates are configured to offer incentives for premiums received to an annuity contract in the form of a bonus contribution from the company’s side to the contract value. It is a percentage of the premium contributed by the policy holder. A higher rate is offered as the cumulative premiums cross certain limits.

The Bonus activity is only available for XC Series annuity class policies. You select this annuity class when you set-up the policy. You will see the Option Group field on the Policy details section of your policy. Select ContractXCSeries.