In order to get your attention and to retain it, insurance companies offer loyalty additions. As the name suggests, loyalty addition is the extra amount you get if you stay the course with the policy. Loyalty additions are popular in unit-linked insurance plans (Ulips). Here’s how they work.
What is it?
Different insurers use different terms to describe loyalty additions, such as additional allocation, extra allocation and premium booster. But they all do the same thing: add a little extra sum to your investment corpus.
