Definitions for "Sum Assured"
The amount the policy will pay out in the event of death before the end of the policy term.   back
The amount we guarantee to pay when the plan matures or if the plan holder dies before the end of the term, as long as all premiums have been paid in full.
is the amount payable on occurrence of the specified event for which the policy is taken, such as death or completion of term.
Commonly used to refer to the principal sum involved in the contract.