Similar to health insurance, personal accident policies also offers a cumulative bonus on claim free years. In the event, if there is no claim made under the policy and it has been renewed with the insurance company without any break, the company shall apply a cumulative bonus on the next years renewed sum insured. Here the sum insured will be increased by a certain percentage as decided by the insurance company.

Certain companies like future generali, royal sundaram, tata aig, etc. Offer - 5% increment of the sum insured on every claim-free renewal, subject to a maximum accumulation of 50% of your base sum insured. It is important to check the policy documents for the actual eligibility percentage of the bonus available while choosing the right personal accident plan.