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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Cumulative bonus

Market basics
Also called: No-claim bonus

An increase in the sum insured granted for each claim-free year, at no additional premium.

In plain terms

A ₹10 lakh policy can grow well beyond that over time. On a port, this accrued layer is generally treated as part of the cover you carry across.

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Indian stock market glossary · Market Vidyalaya