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Preeti Tripathi

Job Interview Skills
English
1 year ago

6. Can You Tell Me What Does Cumulative Bonus Means In A Health Insurance Plan?

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Abhishek Mishra

1 year ago

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.

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