Sir, It has been rightly mentioned in this article that the bonus on endowment type policies is not guaranteed. But the Bonus announced every year is not dependent of the "Profits" being earned by insurance companies, it depends upon "surplus" being earned by the company - which is entirely different concept. Had the bonuses dependent upon Profits - none of the new companies would be able to announce bonuses for the next 5-10 years - as this is the minimum time period before an insurance company starts earning decent profits.
