sum assured

From Wiktionary, the free dictionary
Jump to navigation Jump to search

English

[edit]

Alternative forms

[edit]

Noun

[edit]

sum assured (plural sums assured)

  1. (insurance) The amount of benefit that an insurance contract pays out to a beneficiary on the occurrence of a contingent insured event.
Retrieved from "https://en.wiktionary.org/w/index.php?title=sum_assured&oldid=50276008"