"sum assured" is a correct and usable phrase in written English.
You can use it when referring to the amount of money guaranteed as insurance coverage in a policy. For example, "Once you purchase this policy, you will have a sum assured of $50,000."
"It may be possible to reduce the sum assured to an amount you can afford, rather than cancel the cover".
Premiums are significantly more expensive with a whole-of-life policy, which guarantees to pay the sum assured upon your death.
Parents should also bear in mind that the maximum payout for a child on a critical illness policy is capped, usually at around £20,000 or 20% of the sum assured, according to the Association of British Insurers.
This is where plans pay out a proportion of the sum assured, depending on the severity of the diagnosis, and continue to provide cover for the more serious conditions.
"Two-thirds of our brokers have seen customers reduce protection this year with many trying to save money by reducing the sum assured, for example, or failing to increase it with inflation.
In the case of accidental death, the claimant receives the account value and double the amount of sum assured.
But it is unusual for such a sum to be contractually assured to an employee, compensation experts said.
The older version is suitable for individuals wanting an assured lump sum at a predetermined date in the future and the safety associated with only the highest quality bonds.
To be clear, stochastic ordering based on the sum score X + is assured for the parametric partial credit model (and therefore for the current SWEMWBS) but not for the DMM, and therefore not for our 10 item subset of WEMWBS).
It is not a huge sum of money, but it is a sum that it is important to have assured several years in advance so that manufacturers will actually make the vaccines.
You assured me that the large sum I had not authorized you to remove from my checking account would be refunded to me within 7-10 business days.
