I do not even wish to change the company from whom I have bought the mediclaim policy. I had not taken a floater policy . I had taken individual mediclaim for my family within a single policy. I now wish to take a floater policy and so I asked my agent to reduce the sum assured while renewing so that the premium becomes less and so that I can take a floater policy. My agent says that if I reduce the sum assured while renewing I will lose the cumulative bonus. Is he right ?

Pls. let me know.

Regards,

Veerendra Darakh