A bonus added to a with profit life insurance policy expressed as a percentage of the sum insured only. Bonuses once declared are guaranteed and are paid with the sum insured at death or maturity.

Money purchase scheme with additional limitations, e.g. lump sum not to exceed twice final remuneration. IR no longer considers applications for SDCSS but existing schemes continue.

A reinsurance clause binding the reinsurer to pay a claim simultaneously with the direct insurer’s payment to the original insured.