sum assured
sum assured noun: the amount of benefit that an insurance contract pays out to a beneficiary on the occurrence of a contingent insured event.
Noun
sum assured (plural sums assured)
- The amount of benefit that an insurance contract pays out to a beneficiary on the occurrence of a contingent insured event.
Forms of sum assured
| plural | sums assured |
|---|---|
| alternative form | SA |
Questions about sum assured
- What does sum assured mean?
- Sum assured means the amount of benefit that an insurance contract pays out to a beneficiary on the occurrence of a contingent insured event.
- What part of speech is sum assured?
- Sum assured is a noun.
- What is the plural of sum assured?
- The plural of sum assured is sums assured.
Words near sum assured in the dictionary
Source and license
Adapted from Wiktionary: sum assured (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “sum assured.” Word.ws, https://word.ws/sum_assured. Based on Wiktionary, CC BY-SA 4.0.
