sum assured
sum assured · sums assured
The amount of benefit that an insurance contract pays out to a beneficiary on the…The amount of benefit that an insurance contract pays out to a beneficiary on the occurrence of a contingent insured event.
Meaning
1 sensesThe amount of benefit that an insurance contract pays out to a beneficiary on the occurrence of a contingent insured event.
Forms
plural: sums assuredLessons for this word
1 lessons- A1Plural nouns — Because its plural is irregular