Sum Assured means the amount specified in the Schedule
Sum Assured means the amount stated in the Schedule against each relevant Section, which shall be the Company’s maximum liability under this Policy (regardless of the number of the amount of Claims made) for any one Claim and in the aggregate for all Claims under such Section.
Sum Assured means an absolute amount of benefit which is guaranteed to become payable on death of the Life Assured in accordance with the terms and conditions specified in the Policy.
Examples of Sum Assured in a sentence
The Sum Assured appropriate to a Member as stated in Table A of the Schedule.
If the number of Members or Sum Assured changes by more than 20% from the Commencement Date of the Premium Rate(s) Guarantee Period, the Company reserves the right to amend the Conditions of this Policy including (for the avoidance of doubt) the Premium Rate(s) with effect from the date the change occurred.
More Definitions of Sum Assured
Sum Assured means the amount stated in the Schedule, which is the maximum amount (regardless of the number of amount of claims made or the number of the Insureds who make a claim) for any one claim and in the aggregate for all claims for which the Company will make payment in relation to the Cover to which the Sum Assured relates during the Policy Period.
Sum Assured means the amount payable under this Policy per Scheme Member upon death during Insurable Membership subject to terms, conditions and provisions of this Policy.
Sum Assured means an absolute assured amount as specified in the Schedule, which is payable on the death of the Life Insured;
Sum Assured means an absolute amount of benefit which is guaranteed to become payable on death of the member.
Sum Assured means the amount specified in the Policy Schedule / Member annexure
Sum Assured or “Basic Sum Assured” means the Sum Assured under Life Cover as chosen at the inception of the Master Policy.
Sum Assured means the amount specified in the Schedule that is payable on the Life Insured's death in accordance with the terms of the Policy;