Sum Insured definition

Sum Insured means the maximum amount of coverage, as specified in the Policy Schedule, that the Insured/Insured Person is entitled to in respect of each benefit and as applicable under the Policy.

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Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

Sum Insured means the maximum amount of coverage, as specified in Part I of the Schedule to this Policy, that the Insured is entitled to in respect of each benefit and as applicable under this Policy.

Examples of Sum Insured in a sentence

• We will pay the Sum Insured if the Insured Person suffers Permanent Total Disablement of the nature specified below, solely and directly due to an Accident which occurs during the Policy Period.

• Subject to a maximum of Sum Insured as stated under the Policy Schedule / Certificate of Insurance provided that: - The period of termination, dismissal, temporarily suspension or retrenchment from employment by the Insured Person’s employer during the Policy Period is not less than 30 consecutive days.

• The ISA shall ensure that the Scheme’s RC shall be provided to each beneficiary based on risk coverage and to Beneficiary Family Unit on a family floater basis covering all the members of the Beneficiary Family Unit including Senior Citizens, i.e., the Sum Insured shall be available to any or all members of such Beneficiary Family Unit for one or more Claims during each Policy Cover Period.

• We will pay the Sum Insured if the Insured Person dies solely and directly due to an Injury sustained in an Accident which occurs during the Policy Period.

• The benefits in non-HCP will be on reimbursement mode as per the PM-▇▇▇ or CGHS packages or any other decided mechanism and subject to the available Sum Insured.

More Definitions of Sum Insured

Sum Insured means the amount of sum insured stated in the Schedule.

Sum Insured means the pre-defined limit specified in the Policy Schedule. Sum Insured represents the maximum, total and cumulative liability for any and all claims made under the Policy, in respect of that Insured Person (on Individual basis) or all Insured Persons (on Floater basis) during the Policy Period.

Sum Insured means the specified amount mentioned in the Schedule to this Policy which represents the Insurer’s maximum liability for any or all claims under this policy during the currency of the Policy subject to terms and conditions as stated in the Policy.

Sum Insured means and denotes the amount of cover available as stated in the Schedule. This is the maximum amount that the Company will pay for each and every claim, and in all, under this Policy.

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

Sum Insured means the maximum amount of coverage in respect of the claims during the Period of Insurance in connection with each of the items of coverage, as specified in Part I of the Schedule to this Policy.

Sum Insured means the Monetary Amounts shown against item/s insured.