Sum Covered definition

Sum Covered means the amount the Takaful Participant has covered on the Takaful Participant’s property as shown on the Schedule.

Sum Covered means the amount You have covered on either Your building, Your contents (including specified contents) as shown in the Schedule. This shall include the Additional Benefits and any of the Optional Benefits selected by You.

Sum Covered means the amount the Takaful Participant has covered on either the Takaful Participant’s Building, the Takaful Participant’s Contents (including specified Contents) as shown on the Schedule. This shall include the Additional Benefits and any of the Optional Benefits selected by the Takaful Participant.

Examples of Sum Covered in a sentence

• Death due to Dengue Fever, Malaria or Japanese Encephalitis If the Covered Person is diagnosed with Dengue Fever, Malaria or Japanese Encephalitis, shall within twelve (12) consecutive months result in death, We will pay 10% of the Principal Sum Covered.

• The Principal Sum Covered will be paid in full if the kidnapped Covered Person is not recovered after a period of one (1) year from the day of the kidnap.

• Upon certification by a Physician that the Covered 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 Covered.

• If the Covered Person is diagnosed with Xxxx or Chikungunya, shall within twelve (12) consecutive months result in death, We will pay 10% of the Principal Sum Covered.

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

More Definitions of Sum Covered

Sum Covered means the amount of coverage in respect of the benefits provided in the Schedule.

Sum Covered means the amount of coverage in respect to the benefits provided under the e-CIP.

Sum Covered means the amount of the sum covered for Takaful benefit as stated in the Takaful Certificate Information Page.

Sum Covered in respect of each Plan means the sum as specified in the Schedule of Benefits which is the maximum amount We will pay in the event of claim(s).

Sum Covered means the amount You have covered on either Your building, Your contents (including specified contents) as shown on the

Sum Covered means the amount of coverage in respect of the benefits of Your selected plan as stated in the e-Schedule. If the Person Covered is a Child at the time of a claim, the Sum Covered shall be limited to fifty percent (50%) of the amount shown in e-Schedule.

Sum Covered means the maximum guaranteed amount payable to the Participant upon the occurrence of the death of the Participant subject to the terms and conditions of this Certificate, provided the full Contribution has been paid the month prior to the death of the Participant. It will depend on the Takaful Cover plan option selected under this Certificate.