Basic Sum Assured (BSA) definition

Basic Sum Assured (BSA) means the absolute amount specified in the Schedule which is the minimum amount assured to be paid on the death of the Life Assured. The Basic Sum Assured is equal to 10 x Annualised Premium for Limited pay and 1.25 x Single Premium for Single pay policies.
View Source
Basic Sum Assured (BSA) means the absolute amount specified in the Schedule which is the minimum amount assured to be paid on the death of the Life Assured.
View Source

Related to Basic Sum Assured (BSA)

  • Sum Assured means the amount specified in the Schedule

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Utility Allowance means a monthly allowance, as provided by the local public housing authority or as otherwise allowed by HUD rules and the GLO rules, for utilities and services (excluding telephone services) to be paid by the tenant.

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act;

  • Retainage means that portion of the purchase price of an Export Order that a Buyer is not obligated to pay until the end of a specified period of time following the satisfactory performance under such Export Order.