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.
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.