sum insured meaning, definition, what is sum insured: the maximum amount of money that an insu...: Learn more.
Deductible has the meaning set forth in Section 11.1(e). Insured Amount As defined in the Policy. Insured as used in this Part means: Loss Occurrence means the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses ...
The insurance cover provided under this Policy to the Insured Person up to the Sum Insured and within theAggregate SumInsured is and shall be subject to (a) the terms and conditions of this Policy and (b) the receipt of premium, and (c) the information You provided to Us (including by...
The meaning of PRINCIPAL SUM is the sum specified to be paid under the terms of an accident or health insurance policy in case of the death of the insured or the loss of limb or sight due to an accidental injury.
For example, you buy an immediate annuity with a single lump-sum payment. If you receive the face value of a life insurance policy when the insured person dies, or receive the full value of your retirement account, those payments are also lump sums. ...
aninvestorby aninvestment, rather than aseriesofpaymentsCorporate bonds pay a fixed rate of interest and then a capital sum on the bond’s maturity.2a single payment to aninsuredperson ifcertainconditionsaremetAn endowment policy pays a capital sum to the insured at a specified time in the ...
In the unfortunate event of death of the insured person within the policy term, the designated beneficiary(ies) will receive a Life Benefit10 equivalent to the higher of (i) 101% of the total annual premiums paid (less the sum of all withdrawals, including...
aMost importantly, imaging your have lent Ecalpimos Ltd a sum of money with which to buy a hotel.Unforunately the hotel burns down and, because it was not insured, Ecalpimos Ltd has no money to pay you back. You can not get Zosie,Adam and Shiva to pay up from their own personal...
amost importantly ,imaging your have lent ecalpimos ltd a sum of money with which to buy a hotel,unfortunately the hotel burns down and,because it was not insured ecalpimos ltd has no money to pay you back you can not get zosie adam and shiva to pay up from their own personal fortu...
but the risk is higher for companies in volatile sectors. If an employer terminates a plan due to financial distress, their pension is generally covered by thePension Benefit Guaranty Corporation, a federal agency that insures private-sector pension plans. Not all retirement plans are insured by ...