Common use of Cumulative Bonus Clause in Contracts

Cumulative Bonus. If You renew Your Family Health Care with Us without any break and there has been no claim in the preceding year, We will increase the Limit of Indemnity by 10% per annum, but: i. The maximum cumulative increase in the Limit of Indemnity will be limited to 5 years and 50% of Your first Family Health Care with Us. ii. This clause does not alter the annual character of this insurance or Our right to decline to renew or to cancel the Policy iii. If a claim is made in any year where a cumulative increase has been applied, then the increased Limit of Indemnity in the policy period of the subsequent Family Health Care shall be reduced by 10%, save that the limit of indemnity applicable to Your firstFamily Health Care with Us shall be preserved.

Cumulative Bonus. If You renew Your Family Health Care with Us without any break and there has been no claim in the preceding year, We will increase the Limit of Indemnity by 10% per annum, but: i. The maximum cumulative increase in the Limit of Indemnity will be limited to 5 years and 50% of Your first Family Health Care with Us. ii. This clause does not alter the annual character of this insurance or Our right to decline to renew or to cancel the Policy iii. If a claim is made in any year where a cumulative increase has been applied, then the increased Limit of Indemnity in the policy period of the subsequent Family Health Care shall be reduced by 10%, save that the limit of indemnity applicable to Your firstFamily first Family Health Care with Us shall be preserved.