Capital Sum Insured definition
Examples of Capital Sum Insured in a sentence
We shall pay the Insured, as per the percentage of Capital Sum Insured as specified in the Table of Benefits below, up to the limit applicable to the selected plan as specified in the Schedule of Benefits, if the Insured Person sustains Bodily Injury as a result of an Accident during the Policy Period and within three hundred and sixty-five (365) days of the Accident which results in death or Permanent Disablement.
Once a claim has been paid in respect of any of the Insured Persons for the full Sum Insured or Capital Sum Insured, the Policy will terminate.
Notwithstanding anything contained herein to the contrary, in the event of 100% of the Capital Sum Insured per Insured Person for Section 1has been paid, all the insurance coverage for the particular Insured Person and his/her Family shall immediately cease to be in force.
The Company shall pay the Insured, as per the percentage of Capital Sum Insured as specified in the Table of Benefits below, up to the limit applicable to the selected plan as specified in the Schedule of Benefits, if the Insured Person sustains Bodily Injury as a result of an Accident during the Policy Period and within three hundred and sixty-five (365) days of the Accident results in death or Permanent Disablement.
If Capital Sum Insured is opted for above set of benefit/s the maximum liability for any one or all claims in a Policy Period will be limited to the Capital Sum Insured/ Aggregate limit as specified in the Policy Certificate for that Insured Person.
Coverage under Section D.I.A.1, Section D.I.A.2 and Section D.I.A.3 may be available either as an independent limit of Sum Insured or on Capital Sum Insured basis as opted by each group.
Capital Sum Insured means the maximum amount of Basic Personal Accident Benefit to which an Insured Person is eligible, as specified in the Policy Schedule.
Provided that the compensation payable under the foregoing Sub-clause (f) shall not be payable for more than 104 weeks in respect of any injury calculated from the date of commencement of disablement and in no case shall exceed the Capital Sum Insured.
If such injury shall within Twelve (12) calendar months of its occurrence be the sole and direct, cause of the death of the Insured person, the Capital Sum Insured stated in the Schedule hereto applicable to such Insured Person.
Schedule of Compensation Nature of Disablement Capital Sum Insured as compensation A DEATH & PERMANENT TOTAL DISABILITY: If such injury shall within Twelve calendar months of its occurrence be the sole and direct cause of a.