Principal Sum Insured definition

Principal Sum Insured means the sum insured in respect of Death/Permanent Disablement which varies according to the type of plan purchased by the Insured Person. It excludes Renewal Bonus and Double Indemnity as described under Item 2.2 and 2.17 of Part 2 – Extended benefits of this Policy.
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Principal Sum Insured means the original sum insured of Benefit A - Accidental Death as stipulated in the Policy Schedule, excluding any accumulation of renewal bonus.
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Principal Sum Insured means the sum insured of the Accidental Death and Permanent Disablement Benefit stated in your Policy Schedule.
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Examples of Principal Sum Insured in a sentence

  • The Company’s maximum liability, however should not be more than 100% of the Principal Sum Insured for this benefit.

  • Upon certification by a Physician that You have been in a state of coma for at least one (1) year due to an Accident, We will pay 100% of the Principal Sum Insured.

  • If as the result of covered injury and commencing within 180 days after the date of the injury, an insured person becomes totally disabled and such disability has continued for a period of 12 consecutive months and if the insured person us Totally and permanently disabled at the end of this period the company will pay the Principal Sum Insured applicable to such insured person in accordance with the classification of Insured Persons and schedule of benefits in one lump sum.

  • Upon renewal of this Policy (provided such renewal is continuous and the Policy has not been allowed to lapse in any one given year) the Principal Sum Insured shall be increased by 15% per year up to a maximum of 150% of the Principal Sum Insured.

  • Upon renewal of this Policy (provided such renewal is continuous and the Policy has not been allowed to lapse in any one (1) given year) the Principal Sum Insured shall be increased by 15% per year up to a maximum of 150% of the Principal Sum Insured.

  • Upon certification by a Physician that the Insured Person has been in a state of coma for at least one (1) year due to an Accident, We will pay 100% of the Principal Sum Insured.

  • The Principal Sum Insured will be paid in full if You are not recovered after a period of one (1) year from the day of the kidnap.

  • If You suffer a Bodily Injury which results in permanent and irreversible impotency or infertility, We will pay 10% of the Principal Sum Insured.

  • If You are diagnosed with ▇▇▇▇ or Chikungunya, which shall within twelve (12) consecutive months result in death, We will pay 10% of the Principal Sum Insured.

  • If You contract Human Immunodeficiency Virus (HIV) or Acquired Immune Deficiency Syndrome (AIDS) as a result of a blood transfusion whilst You are undergoing medical treatment, We will pay 10% of the Principal Sum Insured.