Just like a no claim BONUS offered for car insurance, a cumulative bonus is offered for health insurance. The sum insured is increased by a specified percentage for every claim FREE year. Depending on your health insurance company either you can get an increase in the sum insured or get a discount on the annual premium or at times a combination of both.

The cumulative bonus can mean an increase in the sum assured by as much as 5% and can go as HIGH as 50% of the basic Sum Assured. In case a claim is MADE, specified percentage of Sum Assured is deducted from the cumulative bonus in the subsequent year. An important point to KEEP in mind is the fact that your policy should be renewed without a break to be liable for a cumulative bonus.

Just like a no claim bonus offered for car insurance, a cumulative bonus is offered for health insurance. The sum insured is increased by a specified percentage for every claim free year. Depending on your health insurance company either you can get an increase in the sum insured or get a discount on the annual premium or at times a combination of both.

The cumulative bonus can mean an increase in the sum assured by as much as 5% and can go as high as 50% of the basic Sum Assured. In case a claim is made, specified percentage of Sum Assured is deducted from the cumulative bonus in the subsequent year. An important point to keep in mind is the fact that your policy should be renewed without a break to be liable for a cumulative bonus.