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