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What is meant by sum assured in life insurance?

Amelia Lewis | 2023-05-07 12:06:19 | page views：1979
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Amelia Parker

Studied at the University of Manchester, Lives in Manchester, UK.
Sum assured is the amount of money an insurance policy guarantees to pay before any bonuses are added. In other words, sum assured is the guaranteed amount you will receive. This is also known as the cover or the coverage and is the total amount you are insured for.
2023-05-10 12:06:19
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Harper Wilson

QuesHub.com delivers expert answers and knowledge to you.
Sum assured is the amount of money an insurance policy guarantees to pay before any bonuses are added. In other words, sum assured is the guaranteed amount you will receive. This is also known as the cover or the coverage and is the total amount you are insured for.
Insurance terms you must know - Rediff.com
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