Total Sum Assured definition

Total Sum Assured means the amount stated in the Schedule, which is the maximum amount we will pay for claims made by you irrespective of the number of claims you make or the number of years that you have had a Personal Accident Policy with us
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Total Sum Assured. Total Sum Assured is the Sum Assured of this policy as mentioned in the Schedule.
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Total Sum Assured. Total Sum Assured is the sum of the Coverage available under this Group Policy and any other life coverage on the Insured Member taken by the Group Policyholder with MetLife India Insurance Company Limited.
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Examples of Total Sum Assured in a sentence

  • For Eligible Members whose Total Sum Assured for all Group Policies is below or equal to the Free Cover Limit, the insurance coverage shall commence on the Effective Date of Coverage as stated in the Schedule.

  • For Eligible Member whose Total Sum Assured is greater than the Free Cover Limit, the insurance coverage up to the Free Cover Limit shall commence on the Effective Date of Coverage as stated in the schedule or the date of acceptance by the Company of evidence of satisfaction of simple tests of insurability prescribed, whichever is later.

Related to Total Sum Assured

  • Sum Assured means the amount specified in the Schedule

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Retainage means that portion of the purchase price of an Export Order that a Buyer is not obligated to pay until the end of a specified period of time following the satisfactory performance under such Export Order.

  • Utility Allowance means a monthly allowance, as provided by the local public housing authority or as otherwise allowed by HUD rules and the GLO rules, for utilities and services (excluding telephone services) to be paid by the tenant. Contextual Note: Unless the context clearly indicates otherwise, an above definition for a singular term shall also apply (where appropriate) to the plural form of such term and vice versa to the extent necessary for giving the proper meanings to the terms defined in this Article II and/or terms otherwise used in this Agreement.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.

  • Additional Rent means all sums of money, other than Base Rent, that shall become due from and payable by Tenant pursuant to this Lease.

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Disability allowance means monthly payments during

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Recapture Amount means, with respect to any Employment Violation by Grantee, the gross gain realized or unrealized by Grantee upon all vesting of Restricted Share Units or delivery or transfer of Vested Shares during the Look-back Period with respect to such Employment Violation, which gain shall be calculated as the sum of:

  • Credit allowance date means with respect to any qualified equity investment:

  • Base Rent As defined in Section 3.1.