Assured Amount definition

Assured Amount means the amount payable under the policy due to the retrenchment of the Insured under this scheme.
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Examples of Assured Amount in a sentence

  • On the Entry Date, an Assurance shall be effected on the life of each member under One Year Renewal Group Term Assurance Plan for a Sum Assured as under: Category Sum Assured (Amount of Insurance Cover) A (FSN 9-13) Rs.l00,000.00 B (FSN 1-8) Rs. 85,000.00 The Master Policy incorporating the Assurance shall be held by the EMBASSY UPON TRUST for the benefit of the persons entitled to in accordance with these rules.

  • On the Entry Date, an Assurance shall be effected on the life of each member under One Year Renewal Group Term Assurance Plan for a Sum Assured as under: Category Sum Assured (Amount of Insurance Cover) A (FSN 9-12) Rs.l00,000.00 B (FSN 1-8) Rs. 85,000.00 The Master Policy incorporating the Assurance shall be held by the EMBASSY UPON TRUST for the benefit of the persons entitled to in accordance with these rules.