Basic Sum Insured definition

Basic Sum Insured means the amount specified against each Insured Person/s representing the Company’s maximum liability for any or all the claims during the Policy Period specified in the Schedule to this Policy, subject to terms, conditions and exclusions of this Policy.

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Basic Sum Insured means the sum insured for the basic plan and is shown in the Policy schedule of this Policy or any subsequent endorsement issued by Us.

Basic Sum Insured means the amount specified against each Insured Person/s specified in the Schedule to this Policy, subject to terms, conditions and exclusions of this Policy.

Examples of Basic Sum Insured in a sentence

The payment under this benefit is over and above the Basic Sum Insured, subject to limits specified, if any.
The payment under this benefit is over and above the Basic Sum Insured subject to the limits specified, if any.
The payment under this benefit is within the Basic Sum Insured, subject to the limits specified, if any.
The payment under this benefit is over and above the Basic Sum Insured subject to limits specified, if any.
The payment under this benefit is within the Basic Sum Insured, subject to limits specified, if any.
Benefits will be payable subject to the terms, conditions and exclusions of this Policy and the availability of Basic Sum Insured and subject to sub-limits (if Optional Cover 40.
The payment under this benefit is within the Basic Sum Insured, subject to limits specified, if any Treatment/ surgery which is on an experimental basis or which is under clinical trials, unproven or investigational treatment will be excluded from this cover.
In (a) above, the portion of the Account Value added to the Basic Sum Insured will be the lesser of the Account Value in effect immediately before the Age 100 Adjustment Date, and the Additional Sum Insured in effect immediately before the Age 100 Adjustment Date.
Upon death of the Insured, 100% of the Basic Sum Insured on the event date less any Indebtedness will be payable in one lump sum.
In the event of death of the Insured is resulted from Accident prior to age sixty-five (65) years, an additional 100% of the Basic Sum Insured, subject to the maximum of MYR 2,000,000 per life, will be payable.

More Definitions of Basic Sum Insured

Basic Sum Insured means the absolute amount insured to be paid on the earlier occurrence of either death or diagnosis of Terminal Illness, as per the benefits chosen under the policy.

Basic Sum Insured means an amount as specified in the Policy Schedule which is payable in accordance with Part C of the Policy Document