Sum assured
Market basicsThe amount an insurer pays on a valid claim.
In plain terms
The number that actually matters on a policy. If it would not support your family for years, the policy is not doing its job.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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