What is Cumulative Bonus?

[Dinal Shah]

What is Cumulative Bonus?

[Yuvraj Nimje]

Cumulative Bonus is an increase in sum insured by a specified percentage for every claim free year subject to a certain maximum; provided that the policy should be renewed without any break. Under Health Suraksha, you can avail of 5% cumulative bonus for every claim free year.

[Yuvraj Nimje]

Cumulative Bonus is an increase in sum insured by a specified percentage for every claim free year subject to a certain maximum; provided that the policy should be renewed without any break. Under Health policies, you can avail of 5% cumulative bonus for every claim free year.

[N.Kumari · Accepted solution]

Everytime you renew a policy with us, 5% of Basic Sum Insured under expiring Policy shall be applied as Cumulative Bonus in
the Policy provided that;

There has been no claim under the Policy in expiring year

Cumulative Bonus can be accumulated upto 50% of Basic Sum Insured

Cummlative Bonus difffers according to the health plan