Sum assured Uncommon

Definition, synonyms and related words

Definitions

Noun

The amount of benefit that an insurance contract pays out to a beneficiary on the occurrence of a contingent insured event.

See Also

decreasing term assurance paid up level term assurance contingent beneficiary insurance contract increasing term assurance benefit

Related Terms

decreasing term assurance paid up level term assurance contingent beneficiary insurance contract increasing term assurance benefit

Rhyming Words

red fred bred pred dred cred erred pored gored pared cored fired mired unred hired fared shred bared cared jered

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