Cumulative Bonus definition

Cumulative Bonus means any increase or addition in the Sum Insured granted by the insurer without an associated increase in premium.
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Cumulative Bonus means any increase in the Sum Insured granted by the Insurer without an associated increase in the premium.
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Cumulative Bonus. Cumulative Bonus shall mean any increase in Sum Insured granted by Us without an associated increase in Premium.
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Examples of Cumulative Bonus in a sentence

  • Cumulative Bonus shall mean any increase in the Sum Insured granted by the insurer without an associated increase in premium.

  • Cumulative Bonus means any increase or addition in the Sum Insured granted by the insurer without an associated increase in premium.

  • Availing of services under this Section will not impact the Sum Insured or the eligibility for Cumulative Bonus.

  • Cumulative Bonus shall mean any increase in the Sum Insured granted by the Insurer without an associated increase in premium.

  • The Company’s liability in respect of all claims admitted during the period of Insurance shall not exceed the sum insured including Cumulative Bonus.

  • The payment is subject to Sum Insured and limits including Cumulative Bonus if applicable as specified on the Schedule of Coverage in the Policy Schedule.

  • Cumulative Bonus shall mean any increase in the sum assured / Mallus granted by the insurer without an associated increase in premium.

  • If Section A1 Inpatient Hospitalization Treatment Sum Insured and Cumulative Bonus (if any) is exhausted due to claims lodged during the Policy year, then it is agreed that 100% of the Sum Insured specified under Inpatient Hospitalization Treatment be reinstated for the particular Policy year provided that: 1.

  • In case of a claim, the Cumulative Bonus if any under the policy will get reduced by 5% per year at the time of renewal.

  • For the purpose of this provision, Eligible Cumulative Bonus shall mean the Cumulative Bonus which You or the Insured Person would have been eligible for had the same policy been Renewed with the existing insurance company.


More Definitions of Cumulative Bonus

Cumulative Bonus means any increase or addition in the Sum Insured granted by the insurer without an associated increase in premium. Day care centre means any institution established for day care treatment of illness and/or injuries or a medical setup with a hospital and which has been registered with the local authorities, wherever applicable, and is under supervision of a registered and qualified medical practitioner AND must comply with all minimum criterion as under – I. has qualified nursing staff under its employment; ii. has qualified medical practitioner/s in charge; iii. has fully equipped operation theatre of its own where surgical procedures are carried out; iv. maintains daily records of patients and will make these accessible to the insurance company’s authorized personnel. Day Care Treatment means medical treatment, and/or surgical procedure which is: I. undertaken under General or Local Anesthesia in a hospital/day care centre in less than 24 hrs because of technological advancement, and ii. which would have otherwise required hospitalization of more than 24 hours. Treatment normally taken on an out-patient basis is not included in the scope of this definition. Deductible means a cost sharing requirement under a health insurance policy that provides that the insurer will not be liable for a specified rupee amount in case of indemnity policies and for a specified number of days/hours in case of hospital cash policies which will apply before any benefits are payable by the insurer. A deductible does not reduce the Sum Insured. The deductible will apply on individual basis in case of individual policy and on floater basis in case of floater policy. The Deductible will apply on aggregate basis for all hospitalisation expenses during the policy year.
Sample 1Sample 2Sample 3
Cumulative Bonus means any increase in the sum assured / Mallus granted by the insurer without an associated increase in premium.
Sample 1Sample 2
Cumulative Bonus. Cumulative Bonus shall mean any increase in Sum Insured granted by Us without an
Sample 1
Cumulative Bonus means any increase in the sum insured granted by the company without an associated increase in premium.
Sample 1

Related to Cumulative Bonus

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.