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Dinal Shah
Contributor
Posts: 25
Registered: ‎27-08-2017

What is Cumulative Bonus?

What is Cumulative Bonus?

2 REPLIES 2
Yuvraj Nimje
Contributor
Posts: 29
Registered: ‎23-08-2017

Re: What is Cumulative Bonus?


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
Contributor
Posts: 29
Registered: ‎23-08-2017

Re: What is Cumulative Bonus?

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.