Sum Assured on Death definition

Sum Assured on Death means an absolute amount of benefit which is guaranteed to become payable on death of life assured in accordance with the terms and conditions of the policy.

Sum Assured on Death means the absolute amount of benefit which is guaranteed to become payable on death of the Life Assured as per the terms and conditions specified in the Policy;

Sum Assured on Death means highest of the following:

Examples of Sum Assured on Death in a sentence

• In case of diagnosis of Terminal Illness before the expiry of the Policy Term and provided all Premiums, which have fallen due have been paid, the payment of Sum Assured on Death will be accelerated and paid immediately and the Policy shall terminate.

• Upon Accidental Death of the Life Assured before the expiry of the Policy Term and provided all Premiums, which have fallen due have been paid, Extra Life Sum Assured will be payable in addition to Sum Assured on Death, in the same proportion as applicable to the payment of Sum Assured on Death.

• Upon death of the Life Assured before the expiry of the Policy Term and provided all Premiums, which have fallen due have been paid, Sum Assured on Death as calculated under the respective plan options shall be payable.

• If the Policyholder has opted for the Top-up Benefit at the Policy inception, Cumulative Top-up Sum Assured will also be paid in addition to Sum Assured on Death.

• On death of the Life Insured during the Policy Term, provided the Policy is in force, We shall pay Sum Assured on Death, plus Guaranteed Additions (if any, only under Option I), to the Claimant.

More Definitions of Sum Assured on Death

Sum Assured on Death means an amount of benefit which is guaranteed to become payable on death of the Life Insured

Sum Assured on Death means an absolute amount of benefit which is guaranteed to become payable on death of life assured in accordance with the terms and conditions of the policy as mentioned in Condition 1.A of Part C of this Policy Document.

Sum Assured on Death means the absolute amount of benefit which is guaranteed to become payable on death of the life assured (and in case of Joint Life Coverage, on the death of either of the Lives Assured) in accordance with the terms and conditions of the policy;

Sum Assured on Death means the amount specified in the Schedule.

Sum Assured on Death means an absolute amount of benefit which is guaranteed to become payable on death of the Life Insured in accordance with the terms and conditions of the Policy.

Sum Assured on Death means the absolute amount of benefit which is guaranteed to be paid on death of the Life Insured and shall be highest of the following:

Sum Assured on Death means an absolute amount of Benefit which is guaranteed to become payable on death of the Life Assured after the Risk Commencement Date during the Policy Term in accordance with the terms and conditions of the Policy and is specified as such in the Policy Schedule or such amount as may be endorsed on the Policy.