Examples of 'sum assured' in a sentence
Meaning of "sum assured"
sum assured - a guaranteed amount that an insurance company agrees to pay out in case of a specified event, such as death, accident, or illness, as outlined in the insurance policy
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- The amount of benefit that an insurance contract pays out to a beneficiary on the occurrence of a contingent insured event.
How to use "sum assured" in a sentence
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sum assured
Assignment of the sum assured to the beneficiary.
Immediate payment of the basic sum assured.
The sum assured remains same.
Do you choose the sum assured.
The sum assured and waives all future questions.
From your contents to your sum assured within certain bounds.
Before zeroing in on a policy it is very important to calculate the sum assured required.
The entire sum assured is available for only one individual.
All this increased the need to increase the sum assured amount.
It is likely that the sum assured obtained here may not sustain a family for life.
Basis of assessment The life sum assured.
Capital sum assured.
In case of death, the beneficiary gets the full sum assured.
This lump sum amount is called the sum assured on death or the death benefit.
At the end of each financial year, the bonus is calculated per thousand sum assured.
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The sum assured can be up to 10 lakhs and offers a cumulative bonus as well.
Before finalising a life insurance plan, it is very important to calculate the desired sum assured.
The “ Sum assured on Death.
Co-payment reduces the premium of the plan but will not affect the sum assured.
Your nominee would receive 100 % of sum assured in event of death.
The sum assured eligible for subsidy bears a non-reducible excess of 20 % or 25 % depending on the circumstances.
Local life insurers told to reinsure 30 % of sum assured with GIC Re.
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Examples of using Sum
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The purchase sum was to be paid in three instalments
Private cofinancing is the sum of the two
This sum of money is all for you
Examples of using Assured
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Then rest assured he is in a better place now
Quality and future investment is also assured
Be assured that you will not be disappointed
