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Shinoy Chenatra
Contributor
Posts: 24
Registered: ‎27-08-2017

What is cumulative bonus?

What is cumulative bonus?

1 REPLY 1
Nikhil Shetty
Contributor
Posts: 23
Registered: ‎27-08-2017

Re: What is cumulative bonus?

If no claim has been made in Hospitalization cover and the Policy is renewed with the same insurance company without any break, they will apply a cumulative bonus to the next Policy Year by automatically increasing the Sum Insured for the next Policy Year by 5% of the Basic Sum Insured for this Policy Year.