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Records in this category
- What is covered under Hospitalization Benefit?
- What are the circumstances under which the condition of minimum 24 hrs hospitalization does not apply?
- What are the expenses covered under Hospitalisation Expenses?
- What is Domiciliary Hospitalization?
- What is meant by Pre and Post hospitalization?
- What are Pre-Existing Diseases?
- What is meant by Donor Expenses?
- Is there an Income Tax exemption on the premium? If yes, under which section and what is the Income Tax exemption limit?
- What is Cumulative Bonus?
- Do I get a discount on renewal of the policy with the same company?
- What are first year/ second year exclusions?
- Enlist some of the important exclusions under mediclaim policy.
- Can a person have more than one Health policy?
- Can I cancel my policy and if yes will I get my premium back?
- Is maternity covered in health insurance policies?
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Sticky FAQs
Health Insurance » Benefits and Coverages
ID #1053
What is Cumulative Bonus?
| An increase in the Sum insured by a specified percentage for every claim free year, subject to a certain maximum. An important point to be remembered is that the policy should be renewed without a break to avail of the cumulative bonus. | ||
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Related entries:
- Do I get a discount on renewal of the policy with the same company?
- I am 37 years old and have a family floater mediclaim policy for myself, spouse and 2 year old kid. Kindly tell me which insurance company provides roll over of family floater health insurance/mediclaim from any other insurance company.
- Can I renew my Car insurance with another insurance company?
- What is No Claim Bonus (NCB)?
- If my No Claims Bonus (NCB) has been earned in another country, is it still acceptable?
Last update: 2010-09-23 17:25
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