单词 | sum assured |
释义 | sum assured in Insurance (sʌm əʃʊərd) Word forms: (regular plural) sums assured noun (Insurance: Life insurance) The sum assured is the amount payable on the occurrence of an event insured against under a benefit policy, such as the death of the insured. At maturity, the endowment policy should repay the loan; if the borrower dies beforematurity, the sum assured will repay the loan. In the event of your unfortunate death due to an accident your family will receive100 percent of the sum assured. The sum assured is the amount payable on the occurrence of an event insured against under a benefitpolicy, such as the death of the insured. |
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