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- Re: What is cumulative bonus?
28-09-2017 03:34 PM
08-02-2022 10:18 AM
08-02-2022 10:18 AM
SolutionCumulative Bonus is the bonus or rather a reward that a policyholder gets for remaining fit and not filing a claim. The benefit of cumulative bonus is granted in the year of renewal by making an increase in the sum insured amount, only up to a certain year for every claim-free year.
29-09-2017 12:16 PM
29-09-2017 12:16 PM
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.
08-02-2022 10:18 AM
08-02-2022 10:18 AM
SolutionCumulative Bonus is the bonus or rather a reward that a policyholder gets for remaining fit and not filing a claim. The benefit of cumulative bonus is granted in the year of renewal by making an increase in the sum insured amount, only up to a certain year for every claim-free year.