Guaranteed Bonus after portability of health insurance?
Lets assume, I have a base policy with 5L & it offers 20% guaranteed bonus. Say after 2 years, I am porting to a new policy with 5L base, which offers 50% bonus of SI for a claim free year & in case a claim is made it reduces by 50%.
1) In case, I made a claim in the 1st year itself, So 50% of SI will reduced making it (7L - 2.5L)
Is my understanding correct?
2) In case if claim amount turns out to be 7L, so I have exhausted (SI + NCB) how it will get reduced by 50%, is it from restore amount & what if plan do not have any restore feature?
3) Any other scenario which I must be aware of during portability w.r.t. NCB?