Infinity Bonus in Health Insurance

What is an Infinity Bonus?

In Infinity Bonus, the insured person receives 100% of the base Sum Insured for an unlimited time, irrespective of the claims made. It is an optional benefit under our Ultimate Care Health Insurance policy. Infinity Bonus is an extension to Cumulative Bonus, provided on a cumulative basis.

Unlike traditional bonuses, the accumulated bonus is unaffected by claims, ensuring steady coverage growth for customers who continue their policy year after year.

Key Features of Infinity Bonus

The following are a few benefits that highlight why the infinity bonus stands out as an effective solution for long-term coverage growth:

• Unlimited Coverage Growth: It boosts your coverage by 100% of your SI each year, irrespective of the claims made.
• Future-Ready Protection: Higher coverage over time helps you stay prepared for rising medical costs.
• Claim-Independent: Even after a claim, the bonus continues to accumulate irrespective of claims made in the previous year.
• More Protection, Same Policy: You get significantly higher coverage without needing to upgrade your plan.
• Compounds Over Time: A ₹10 lakh cover can grow to ₹50 lakh+ over the years.

How Does Infinity Bonus Work?

The infinity bonus provides you with benefits over time:

• Starts with a base sum insured.
• Renew annually to enjoy automatic coverage growth.
• Remain unaffected even if you make claims.
• Valid with uninterrupted policy renewals.

Example of Infinity Bonus Growth

The bonus accumulates annually as long as the policy is continuously renewed.

Below is a clear expansion of how the infinity bonus increases your health coverage over time:

• Year 1: Base sum insured: ₹10 Lakh
• Year 2: After the first renewal, the total cover becomes ₹25 Lakh (₹10 lakh base SI + ₹5 lakh Cumulative Bonus + ₹10 lakh Infinity Bonus)
• Year 3: After the second renewal, the total cover increases to ₹40 lakh
• Year 4: Now, the coverage would be ₹50 lakh (only the ₹10 lakh infinity bonus will be added)
• Year 5: In the 5th year, the coverage would be ₹60 lakh ( Infinity Bonus of ₹10 lakh would be added).
• Year 6: If the Infinity Bonus optional benefit is not opted for, then the coverage would be ₹20 lakh (base SI + Cumulative Bonus).

Essential Points to Note

• Optional Add-on: Infinity Bonus is available in Ultimate Care. The insured must pay an additional premium to access its benefits.
• Continuous Renewal Required: The bonus is valid when the policy is renewed without any gaps.
• Forfeiture: If the infinity bonus add-on is not selected at renewal, all bonus amounts accrued under the current policy will expire.
• Policy Terms Apply: The accrued benefits and coverage are subject to the terms and conditions in the official policy documents and sales prospectus. For complete information on benefits and limitations, review the policy and prospectus carefully.

Health Plans Offering Infinity Bonus

Turn policy continuity into a long-term advantage by expanding coverage through plans that offer an infinity bonus.

• Ultimate Care: It offers an infinity bonus as an add-on that allows coverage to grow every year, regardless of whether you make a claim. For every completed and uninterrupted policy year, your health coverage increases by an amount equal to your base sum insured, allowing you to access a larger coverage amount when you need it most.
• Ultimate Care Senior: The infinity bonus is structured to provide senior citizens with more substantial financial support for rising healthcare costs, with benefits straightforward, reliable, and easy to manage in later stages of life.
• Long-Term Growth vs Age-Specific Protection: Both plans help your health coverage grow over time with the infinity bonus. While Ultimate Care helps you gradually increase your health cover over time, Ultimate Care Senior is designed to provide reliable coverage that supports higher and more frequent medical needs.

Why is Infinity Bonus Important?

The Infinity Bonus in the Ultimate Care lets policyholders steadily increase their coverage, creating a reliable financial buffer against medical and unexpected health emergencies.

• Protection against medical inflation: Regardless of claims, the Infinity Bonus boosts your coverage by an annual 100% increase of your Sum Insured. Meanwhile, the Inflation Shield adjusts your base sum insured based on CPI, helping keep your coverage from losing value as medical costs rise.
• Claims do not affect the accrued Bonuses: The Infinity Bonus increases your coverage by 100% SI at every renewal. Unlike standard no-claim bonuses, it continues to grow and shield you from rising medical expenses.
• Rewards policyholder: The Infinity Bonus transforms a regular health insurance policy into a long-term source of protection by gradually increasing coverage each year, regardless of claims. It focuses on long-term protection over immediate savings, strengthening your health coverage as medical needs and costs grow.
• Avoids need for frequent plan upgrades: The infinity bonus is curated to avoid frequent plan upgrades by automatically raising your coverage each time it renews. This built-in coverage keeps policies future-ready, avoiding frequent upgrades or higher coverage purchases despite rising medical costs.

Who Should Consider the Infinity Bonus?

The infinity bonus is perfect for those aiming to establish extensive, long-term health coverage, including young families planning. Also, midlife individuals manage lifestyle conditions, while seniors prepare for future medical needs.

• Young families & young adults: As medical costs are expected to increase over time, rapidly growing health coverage plans seem appealing.
• Policyholders seeking high security: An ideal choice for individuals looking for substantial financial security during serious medical emergencies, with the added benefit of exponential bonus growth.
• People in high-cost cities: Higher coverage is especially valuable where medical treatments are costlier and require enhanced coverage to offset higher healthcare costs.

For those planning ahead and prioritising sustained protection, the Infinity Bonus offers a clear advantage. It ensures your coverage continues to grow over time, independent of claims, helping your coverage adapt to evolving requirements.