Common use of Cumulative Bonus Clause in Contracts

Cumulative Bonus. Sum Insured under the policy shall be increased by 5% in respect of each completed year during which the policy shall have been in force but amount of such increase shall not exceed 50% of Sum Insured.

Appears in 2 contracts

Samples: Group Cancer Medical Expenses Policy, Group Cancer Medical Expenses Policy

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Cumulative Bonus. Sum Insured under the policy shall be increased by 5% in respect of each completed year during which the policy shall have been in force but amount of such increase shall not exceed 50% of Sum Insured.. V. CLAIMS

Appears in 1 contract

Samples: Group Cancer Medical Expenses Policy

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