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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?

3 REPLIES 3
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