Capital Sum definition
Examples of Capital Sum in a sentence
We shall pay the Insured, as per the percentage of Capital Sum Insured as specified in the Table of Benefits below, up to the limit applicable to the selected plan as specified in the Schedule of Benefits, if the Insured Person sustains Bodily Injury as a result of an Accident during the Policy Period and within three hundred and sixty-five (365) days of the Accident which results in death or Permanent Disablement.
The Resident is required to pay the Operator an amount equal to 2% of the Capital Sum, (plus GST, if any) on the date of settlement of payments under a relicensing of the Unit to a new resident as an administration charge.
Notwithstanding the foregoing, the Voluntary Fund within the UPF and the benefits payable or prospectively or contingently payable therefrom and the contributions payable thereto shall be disregarded in determining the Relevant Capital Sum except that there shall be added to the Relevant Capital Sum that part of the Voluntary Fund which is attributable to those Transferring Members who join the Purchaser's Pension Scheme on the Scheme Change Date and who agree to the transfer of their Voluntary Fund.
The Resident is required to pay the Operator an amount equal to 2% of the Capital Sum, (plus GST, if any) on the date of settlement of payments under a relicensing of the Unit to a new resident, as an administration charge.
Once a claim has been paid in respect of any of the Insured Persons for the full Sum Insured or Capital Sum Insured, the Policy will terminate.