iAdvisor

Cumulative Bonus in Health Insurance – Why You Should Know About It?

It is critical that policyholders comprehend cumulative bonuses. Insurance firms offer this benefit to policyholders who do not submit any claims throughout the course of the policy year as a form of encouragement. A cumulative bonus encourages people to prioritize preventative care and adopt healthy lifestyles, which reduces the number of claims.

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What Is Sum Insured in Health Insurance?

Sum Insured in Health Insurance is vital for securing adequate insurance coverage. While they sound similar, they have distinct meanings in life and health insurance. Sum Assured is the payout amount upon the policyholder’s demise, whereas Sum Insured is the maximum coverage for medical expenses. Familiarizing yourself with these terms empowers you to make informed insurance decisions tailored to your needs.

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Max Life Critical Illness Rider

Max Life Critical Illness Rider adds an extra layer of protection in the event that you’re diagnosed with one of the listed 64 Critical Illnesses. It provides an additional critical illness benefit, payable on top of any benefits provided by your base plan. With the Max Life Critical Illness and Disability Rider, you can have peace of mind knowing that you and your family are better prepared for life’s uncertainties.

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