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A Truly Complete Health Insurance Solution, that offers you an Essential Shield, Infinite Power and Instant Peace.
Best suited for
Individual
Family
Multi Individual
A comprehensive and flexible Health Insurance Plan that offers Better Coverage, Better Control and Better Care
A health insurance that lasts for a lifetime
Parents and elders took care of children in their most sensitive ages and phases of life. It is time to gift them the better Healthcare experience. Presenting ManipalCigna Prime Senior, a comprehensive Health Insurance plan which offers innovative features specially designed for Senior Citizens.
A comprehensive hospitalization plan for you and your family
Design your own health plan and pay for what you choose. Customise your plan according to your needs with ProHealth Select and reassure your future
The added boost that keeps you covered above and beyond your health plan.
Affordable standard health insurance plan
Standard Health Insurance Policy specially designed to cover Persons with Disabilities (PWD), Persons afflicted with HIV/AIDS, and those with Mental Illness
A plan that assures financial support and provides a safety cushion for a better tomorrow by providing complete protection, on and off the job, including death, disablement, repatriation of mortal remains and funeral expenses.
A plan that assures financial support and provides a safety cushion for a bettertomorrow by providing complete protection, on and off the job, including death, disability, loss of job and financial protection.
Standard Personal Accident Policy to safeguard your unexpected expenses arising from death or serious injury caused by an accident, while securing your finances
A vital protection for your financial health against life-changing critical illnesses that offers you the entire payment of sum insured on first diagnosis of listed illness.
A daily cash plan to financially aid hospitalization expenses
Every Detail Matters To Your Health
Employer-Employee Group
Non Employer-Employee Groups/ Association/ Institution/Society
Every Detail Matters For Global Protection
Non Employer- Employee Groups/Association/ Institution/Society
Check Detail to Secure Each Member's Lifestyle
Non Employer-Employee Groups/Association/ Institution/Society
Check Details To Secure Overseas Travel
Our All in One Plan to keep you healthy always
Know More about Cumulative or No-Claim Bonus and Its Essentials!
Insurance-related terms can intimidate you if you are not aware of technicalities. This is where it is equally important to understand it completely, to enjoy the maximum benefits. It is often asked what a cumulative bonus in health insurance is. Let’s have a look at the similar questions that you already have in your mind.
Cumulative bonus in health insurance is one of the most critical and beneficial features that every policyholder must know to enjoy a level of benefits that it brings in.
What is a cumulative bonus in health insurance?
A cumulative bonus in health insurance is a benefit that the insurer offers to you, in case you do not claim any cover in the current year. This means that every claim-free year earns you a benefit which can be in any form, related to the policy.
The health insurance provider companies either offer an increase in the sum insured or a discount on the premium payable or a combination of both options as a cumulative or no-claim bonus in health insurance.
Most of the insurers pay cumulative bonuses like a 5% increase in the cover. However, if you have a claim-free third year, you can expect another 5% increase in the base of the sum insured.
The insurer may also offer a discount on the premium amount, which means you have to pay a lesser premium for the same cover.
Maximum Cumulative Bonus Offered:
There are no fixed or year-wise slabs for the cumulative bonus. However, in general, the maximum cumulative bonus in health insurance given be as high as 150% of the sum insured.
Does Any Claim Effect Cumulative Bonus?
In case you avail a claim in any of the years, you might have to bear a considerable impact, depending on the plan you choose. The insurer terminates the cumulative bonus benefit and the sum insured comes down to the original amount. In case of bonuses offered as a cumulative bonus, you may have to pay the initial premium only. These rules differ from insurer to insurer and might be lenient as well. Nowadays, there are plans, like ManipalCIgna’s ProHealth, where the bonus is guaranteed, even if you make a claim.
In Case of Availing the Portability Feature-
In case you have accumulated a bonus in your existing policy, and wish to switch to some other health insurance provider, the accrued bonus gets transferred as well. However, the transfer depends on the type of bonus the new company offers. These conditions include age limit for the transfer, bonus amount transfer limitation and much more.
Essential facts to know about the cumulative bonus in health insurance in India:
Hope this makes you understand what is a cumulative bonus in health insurance?