Features

Cumulative bonus: The sum insured will progressively increase by 5 per cent for each claim-free year (ceiling of 10 years) of insurance. If a claim is made, the increased percentage will be reduced by 10 per cent of sum insured at the next renewal. However, basic sum insured will stay intact.

Cost of checkup: Reimbursement of cost of medical check up once at the end of every four underwriting years is free provided there are no claims reported during this block. Such reimbursals should not exceed 1 per cent of the average sum.

Applicability: Both health check up (benefits only if policy year is from 1.9.96) and cumulative bonus provisions apply where period of insurance has commenced not later than a week after the last policy expired.