Skip to main content
Insurance

Sum Assured

As a professor of finance, I want to ensure that you understand the concept of assured amount. This refers to the agreed upon sum that an insurance company will pay out in the event of a specified occurrence. Essentially, it is the maximum amount that an individual or organization will receive from their insurance policy. It is important to carefully consider this amount when selecting an insurance policy to ensure proper coverage. Now, let's delve deeper into the world of finance and explore other key terms.

Related terms

Commercial lines

Understand the meaning and definition of Commercial lines in the context of stock market, trading, and investments.

MORE
Trustee

Understand the meaning and definition of Trustee in the context of stock market, trading, and investments.

MORE
Adjuster

Understand the meaning and definition of Adjuster in the context of stock market, trading, and investments.

MORE
Arson

Understand the meaning and definition of Arson in the context of stock market, trading, and investments.

MORE
Property coverages

Understand the meaning and definition of Property coverages in the context of stock market, trading, and investments.

MORE
Life insurance

Understand the meaning and definition of Life insurance in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store