FAQs

Life Insurance

10 Jan 2019

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The Sum Assured is generally referred to as the amount of insurance in a policy. The Sum Assured is actually the reason for which we buy life insurance. This amount affects the insured while living as well as the afterlife. It is the amount that would be paid to the nominee in case of the death of the insured person (the afterlife effect) and plays a crucial role in determining the premium one has to pay to get the policy (The effect on an alive person). Sum Assured is the minimum death benefit in an endowment policy.

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