sums assured

A form of sum assured — The amount of benefit that an insurance contract pays out to a beneficiary on the occurrence of a contingent insured event.

Meanings

noun
  1. pluralplural of sum assured
Cite this entry
APA

sums assured. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/sums%20assured

MLA

“sums assured.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/sums%20assured. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “sums assured,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/sums%20assured.

Source: sums assured on Wiktionary, CC BY-SA 4.0.