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Frequent Contributor
rajeshsharma
Posts: 90
Registered: ‎02-08-2016

Refund of Sum Insured if not claimed

If I don't claim under my health policy, can I my total sum insured refund?

1 ACCEPTED SOLUTION

Accepted Solutions
Regular Contributor
Arti
Posts: 199
Registered: ‎30-08-2021
Solution

Re: Refund of Sum Insured if not claimed

Hi ,

 

The sum insured is not refunded in case of no claim.

View solution in original post

5 REPLIES 5
Frequent Contributor
nik
Posts: 119
Registered: ‎31-03-2016

Re: Refund of Sum Insured if not claimed

I suppose there is no such policy by any company. Usually, you receive cummulative bonus of 5% in the next year on renewal.

Anuj Shergil
Frequent Contributor
sneharaj
Posts: 80
Registered: ‎22-08-2016

Re: Refund of Sum Insured if not claimed

Generally, cummulative bonus can be collected for each claim free year up to 25%.

Contributor
arunragavendran
Posts: 31
Registered: ‎03-10-2017

Re: Refund of Sum Insured if not claimed

Its not an investment. It is a insurance policy, basically you are sharing the risk (ie) 10 people contributing for 1 person's claim. Your policy amount will be paid to some patient hence please don't think of refund. You have helped someone's treatment. Smiley Happy

Arun Ragavendran
Insurance consultant
Bangalore
Regular Contributor
Arti
Posts: 199
Registered: ‎30-08-2021

Re: Refund of Sum Insured if not claimed

Hi , 

 

The Sum insured is not refunded in case of no claim as the customer is secured for hospitalisation claim during the policy period in case of claim arises 

Regular Contributor
Arti
Posts: 199
Registered: ‎30-08-2021
Solution

Re: Refund of Sum Insured if not claimed

Hi ,

 

The sum insured is not refunded in case of no claim.