Sum Covered definition

Sum Covered means the amount the Takaful Participant has covered on the Takaful Participant’s property as shown on the Schedule.

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Sum Covered in respect of each Plan means the sum as specified in the Schedule of Benefits which is the maximum amount We will pay in the event of claim(s).

Sum Covered means the amount You have covered on either Your building, Your contents (including specified contents) as shown in the Schedule. This shall include the Additional Benefits and any of the Optional Benefits selected by You.

Examples of Sum Covered in a sentence

If the Covered Person is diagnosed with ▇▇▇▇ or Chikungunya, shall within twelve (12) consecutive months result in death, We will pay 10% of the Principal Sum Covered.
Upon certification by a Physician that the Covered Person has been in a state of coma for at least one (1) year due to an Accident, We will pay 100% of the Principal Sum Covered.
After a loss, the full Sum Covered of this Takaful shall be maintained.
The Principal Sum Covered will be paid in full if the kidnapped Covered Person is not recovered after a period of one (1) year from the day of the kidnap.
Upon renewal of this Certificate (provided such renewal is continuous and the Certificate has not been allowed to lapse in any one given year) the Principal Sum Covered shall be increased by 15% per year up to a maximum of 150% of the Principal Sum Covered.

More Definitions of Sum Covered

Sum Covered means the amount the Takaful Participant has covered on either the Takaful Participant’s Building, the Takaful Participant’s Contents (including specified Contents) as shown on the Schedule. This shall include the Additional Benefits and any of the Optional Benefits selected by the Takaful Participant.

Sum Covered means the amount of coverage in respect of the benefits provided in the Schedule.

Sum Covered means the amount You have covered on either Your building, Your contents (including specified contents) as shown on the

Sum Covered means the amount of the Takaful coverage of the Takaful Certificate when it is issued and is shown on the Certificate Information Page. If the Sum Covered is subsequently changed according to the terms and conditions of this Takaful Certificate, the amount after such alteration will become the Sum Covered.

Sum Covered means the amount of coverage for which the Tabarru’ Fund is at risk. The amount of coverage as at the Effective Date is as notified by Us to the Person Covered.

Sum Covered means the amount of coverage in respect to the benefits provided under the e-CIP.

Sum Covered means, the amount covered specified in the Schedule applicable to that Section.

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