How much you get in bonuses depends on factors like:
The participating fund’s investment performance;
The expenses incurred by the participating fund (including amounts paid to meet claims); and
Actuarial assumptions (e.g. on future bonuses and anticipated investment returns)
The bonus must be approved by the insurer’s board of directors, taking into account the appointed actuary’s recommendation. The insurer must:
Ensure that policyholders from all groups of participating policies are treated fairly and that no group is favoured over others.
Ensure that bonuses which are allocated (and future bonuses) can be supported by the fund.