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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.
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