Basic Sum Assured definition

Basic Sum Assured means the amount as specified in the Schedule
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Basic Sum Assured means the sum specified in the Schedule, payable upon the death of the Member;
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Basic Sum Assured means the sum assured of the Basic Policy as specified in the Policy Schedule or as varied by any Endorsement;
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Examples of Basic Sum Assured in a sentence

  • The Company will determine the new premium payable for the reduced Amount of Benefits and the reduced Basic Sum Assured.

  • The higher of the Basic Sum Assured or the Accumulation Account will be paid on maturity.

  • Sum Assured or Basic Sum Assured refers to the basic sum assured as set out in the Schedule to the Policy.

  • Hear policyholder may decide their premium amount and premium payment term based on how much and for how long he/she wish to invest (Regular Pay, Limited Pay of 5 yrs or Single Pay) They choose the Basic Sum Assured, depending on their existing insurance cover.

  • In the event of death, the beneficiary would be entitled to the Basic Sum Assured less all the premiums due but not paid (if any) or the Accumulation Account, whichever is higher.


More Definitions of Basic Sum Assured

Basic Sum Assured means the amount specified in the Schedule as opted by the Policyholder at the time of taking the Policy.
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Basic Sum Assured means the amount as specified in the Schedule, based on which the Death Sum Assured and Guaranteed Maturity Benefit, which are payable accordance with Section 4 of the policy document.
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Basic Sum Assured means the absolute amount Assured to be paid on Life Assured’s death
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Basic Sum Assured refers to the Basic Sum Assured as set out in the Schedule to the Policy, or as may be revised from time to time subject to the satisfaction of such conditions as may be imposed by the Company in its absolute discretion. Revision of the Basic Sum Assured will apply when there is a partial surrender of the Policy.
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Basic Sum Assured refers to the basic sum assured shown in the Schedule to the Policy. “Survival Benefit” refers to the survival benefit described in clause 2.3.
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Basic Sum Assured refers to the basic sum assured shown in the Schedule to the Policy. “TPD” refers to such total and permanent disability as defined in clause 3 below.
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Basic Sum Assured means the sum assured of the Basic Policy as specified below where:-
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