Do we lose the cumulative bonus if we reduce the sum assured amount while renewing

[Veerendra]

Hello everybody,

If we reduce the sum assured amount while renewing our mediclaim policy will we lose the cumulative bonus.

For e.g if the sum assured is Rs. 2 lacs for the previous year and cumulative bonus is Rs. 55,000/- and while renewing if I take a policy with sum assured of Rs. 1.5 lacs , will I lose the cumulative bonus.

Pls. let me know.

Hope to see a lot of responses and many thanks in advance for the same.

Regards,

Veerendra Darakh

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