Cumulative Bonus definition

Cumulative Bonus means any increase in the Sum Insured granted by the Insurer without an associated increase in the premium.

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Cumulative Bonus means any increase in the Sum Insured granted by the insurer without an associated increase in premium.

Cumulative Bonus. Cumulative Bonus shall mean any increase in Sum Insured granted by Us without an associated increase in Premium.

Examples of Cumulative Bonus in a sentence

Cumulative Bonus shall mean any increase in the Sum Insured granted by the insurer without an associated increase in premium.
For the purpose of this provision, Eligible Cumulative Bonus shall mean the Cumulative Bonus which You or the Insured Person would have been eligible for had the same policy been Renewed with the existing insurance company.
Such awarded Cumulative Bonus shall be withdrawn only in respect of the expiring year in which the claim was admitted.
If You were covered on a floater basis under the expiring Policy and apply for a floater cover under this Policy, then the Eligible Cumulative Bonus to be carried forward on this Policy shall also be available on a floater basis.
If You were covered on an individual basis in the expiring Policy then the Eligible Cumulative Bonus to be carried forward on this Policy shall be available on an individual basis.
Availing the Free Health Check-up will not impact the Base Annual Sum Insured or the Cumulative Bonus.
If the Policy Period is more than one year, then any Cumulative Bonus that has accrued for the Policy Year will be credited at the end of the Policy Year and shall be available for any claims made in the subsequent Policy Year.
Cumulative Bonus allowed for each child as it is done in case of the original policy.
Applicable Cumulative Bonus shall be accrued on each renewal as per eligibility under the plan opted.
Cumulative Bonus earned on the Policy will stay with the floater cover.

More Definitions of Cumulative Bonus

Cumulative Bonus means any increase or addition in the Sum Insured granted by the insurer without an associated increase in premium.

Cumulative Bonus means any increase or addition in the Sum Insured granted by the insurer without an associated increase in premium. Day care centre means any institution established for day care treatment of illness and/or injuries or a medical setup with a hospital and which has been registered with the local authorities, wherever applicable, and is under supervision of a registered and qualified medical practitioner AND must comply with all minimum criterion as under – I. has qualified nursing staff under its employment; ii. has qualified medical practitioner/s in charge; iii. has fully equipped operation theatre of its own where surgical procedures are carried out; iv. maintains daily records of patients and will make these accessible to the insurance company’s authorized personnel. Day Care Treatment means medical treatment, and/or surgical procedure which is: I. undertaken under General or Local Anesthesia in a hospital/day care centre in less than 24 hrs because of technological advancement, and ii. which would have otherwise required hospitalization of more than 24 hours. Treatment normally taken on an out-patient basis is not included in the scope of this definition. Deductible means a cost sharing requirement under a health insurance policy that provides that the insurer will not be liable for a specified rupee amount in case of indemnity policies and for a specified number of days/hours in case of hospital cash policies which will apply before any benefits are payable by the insurer. A deductible does not reduce the Sum Insured. The deductible will apply on individual basis in case of individual policy and on floater basis in case of floater policy. The Deductible will apply on aggregate basis for all hospitalisation expenses during the policy year.

Cumulative Bonus means any increase or addition in the Sum Insured granted by the Company without an associated increase in premium

Cumulative Bonus. Cumulative Bonus shall mean any increase in Sum Insured granted by Us without an