Examples of 'sum insured' in a sentence
Meaning of "sum insured"
Sum insured is a term commonly used in insurance policies, particularly in property and casualty insurance. It refers to the maximum amount of money that an insurance company will pay out to the policyholder in the event of a covered loss or damage. The sum insured represents the agreed upon value or limit of coverage specified in the insurance policy
How to use "sum insured" in a sentence
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sum insured
Average sum insured per type of event.
There is no limit on the initial sum insured.
This sum insured covers the first risk.
Monthly premium in per mill of the sum insured.
Sum insured and limit of indemnity.
Insurance indemnity shall be limited to the sum insured.
Sum insured shall be specified on the insurance policy.
The size of the sum insured.
Choose a sum insured according to your ability to pay.
The total sum insured.
Complete sum insured paid on diagnosis of terminal illness.
Any unpaid premiums are to be deducted from the sum insured.
The agreed sum insured is the maximum indemnity payable by us.
The policyholder may request a change to the sum insured.
The sum insured is calculated on the basis of expected yields.
See also
For the sum insured.
The sum insured is level and all premiums are guaranteed.
The medical cost does not affect the sum insured.
Part of the sum insured which is retained by the policyholder.
Issues various plans along with different sum insured options.
The sum insured varies and depends on your requirements.
Average sum insured.
The sum insured applies to each insured person sepa rately.
The amount of indemnity per insured event is limited by the sum insured.
Start sum insured.
Sum insured means the maximum amount subject to disbursement per trip.
A lending institution may be designated as beneficiary for all or part of the sum insured.
End sum insured.
For annuity contracts the national equivalents for the sum insured is applied.
The sum insured must correspond at least to the capital borrowed.
It is therefore important that the contents sum insured reflects the replacement value.
The sum insured shall not exceed the insurable value.
Overinsurance means a situation where the sum insured considerably exceeds the insurable value.
The sum insured corresponds usually to the market value of the animal.
You will also need to give a sum insured for both buildings and contents.
Sum insured must also be filled when type of underwriting model is not applicable.
Death benefit shall be the sum insured for death specified in the insurance contract.
Sum insured for life insurance and severe health impairment is calculated as follows.
For annuity contracts the national equivalents for the sum insured should be applied.
A minimum sum insured must provide cover for very severe cases.
No evidence of insurability is required for the automatic increase in the Sum Insured.
The sum insured is the amount of the outstanding balance of the mortgage loan covered.
You determine your premium yourself by selecting the sum insured and SB.
Sum insured shall be equal to the insurable value for the whole period of insurance.
Medical transportation to the nearest medical facility Insurance covers up to the sum insured.
The Commission proposal on the minimum sum insured for damage to property is also unsatisfactory.
Automatic Reinstatement of the sum insured.
Here the sum insured is referred to as Limit of Indemnity.
Accidental death, payment of sum insured in all cases.
The sum insured for DISABILITY cover can not nonetheless exceed the sum insured for DEATH cover.
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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
