Word forms: (regular plural) sums assured
( Insurance : Life insurance )
At maturity, the endowment policy should repay the loan; if the borrower dies before
maturity, the sum assured will repay the loan.
In the event of your unfortunate death due to an accident your family will receive
100 percent of the sum assured.
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.
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