Floater Health Insurance - Splitting The Policy
How is the cumulative bonus apportioned when a member is "ported" out of a floater insurance policy into an individual insurance policy. FYI, all existing benefits & waiting periods credit are succesfully ported to the new individual policy. Kindly guide whether cumulative bonus cam also be shifted to new individually by equally dividing between the number of members (existing floater) . Ex : Total CB of 10L , 4 Persons in Floater. 1 Person ported out to individual policy with his share of 2.5 Lakh CB. Thanking You in advance.