Total Sum Insured definition

Total Sum Insured means the total sum insured stated in the Policy as selected by the Policyholder. The Total Sum Insured is calculated by multiplying the per hectare sum insured times the Insured Area, both as stated in the Policy.
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Total Sum Insured means the maximum amount of coverage, as specified in Part I of the Schedule to this Policy, that the Insured is entitled to in respect of each benefit under this Policy. This is limited to a maximum of Rs 10 million for all the benefits put together, and cumulatively in respect of all the Insured Person(s).
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Total Sum Insured means the amount as stated in the Schedule to this Policy which shall represent the Company's maximum liability for any and all claims incurred under the Policy.
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Examples of Total Sum Insured in a sentence

  • This benefit is in additional to the Total Sum Insured as stated on the Schedule.

  • The cover provided by this Memorandum will not increase the liability of the Company beyond the Total Sum Insured specified in the Schedule.

  • The total limit of liability shall not exceed ten (10) percent of the Total Sum Insured on Buildings and/or Contents.

  • Our total liability to You in respect of loss or damage during any one Period of Insurance will not exceed the amount stated against each item or in the aggregate, the Total Sum Insured specified on the Schedule or such other sum or sums endorsed in this Policy.

  • All Claims shall be payable subject to the terms, conditions, exclusions, sub-limits and wait periods of the Policy and subject to availability of the Total Sum Insured.

  • We shall indemnify You to the extent of the Intrinsic Value of any Plate Glass described in the Schedule accidentally Damaged (“Damage” as hereinafter defined) or any loss due to any fortuitous event not hereinafter excluded in respect of each item the Sum Insured thereon expressed in the Schedule or in the whole in any one Period of Insurance the Total Sum Insured hereby or such sum or sums as may be substituted thereof by endorsement hereon or attached hereto signed by or on behalf of the Company.

  • The limit of indemnity under this cover shall not exceed the Total Sum Insured given in the Policy Schedule or Rs.15,000,000,000/- whichever is lower.

  • Except as otherwise provided herein, the Trust shall not sell, assign, transfer, borrow against or withdraw from the cash surrender value of the Policy, surrender or cancel the Policy, change the beneficiary designation provision thereof or increase or decrease the Total Sum Insured at Issue without, in any such case, the express written consent of the Corporation.

  • On Floater Basis, the Company’s maximum, total and cumulative liability, for any and all Claims incurred during the Policy Year in respect of all Insured Persons, shall not exceed the Total Sum Insured.

  • The Company’s liability shall be restricted to the payment of the balance amount subject to the available Total Sum Insured.


More Definitions of Total Sum Insured

Total Sum Insured means the total amount of benefit payable as stated in the
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Total Sum Insured wherever used in this Policy means the sum of the lump sum amount and the Monthly Benefits times 60 months over which the benefit stated in the Certificate of Insurance will be paid.
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Total Sum Insured means the amount specified in the Schedule which is Our maximum, total and cumulative liability for any and all claims arising in respect of the Insured Person under any and all Benefits during the Policy Term.
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Total Sum Insured means the amount mentioned in the Schedule to the Policy which is the maximum amount payable as a whole under the Policy for all the insured perils during the Policy Period as mentioned in the Schedule to the Policy. Total Sum Insured shall stand automatically reduced by the amount of claims paid under the Policy.
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Related to Total Sum Insured

  • Sum Insured means the maximum amount of coverage, as specified in the Policy Schedule, that the Insured/Insured Person is entitled to in respect of each benefit and as applicable under the Policy.

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

  • Fully insured means that 100 percent of the deposit amount is covered by an effective deposit insurance scheme. Deposit balances up to the deposit insurance limit can be treated as “fully insured”. However, any amount in excess of the deposit insurance limit is to be treated as ‘less stable’. For example, if a depositor has a deposit of BD 150,000 that is covered by a deposit insurance scheme, which has a limit of BD 100,000, where the depositor would receive at least BD 100,000 from the deposit insurance scheme if the bank were unable to pay, then BD 100,000 would be considered “fully insured” and treated as stable deposits, while BD 50,000 would be treated as less stable deposits.

  • Cumulative Insurance Payments As defined in the Series Supplement.

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.