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This policy provides that if the insured person dies of any accident, his beneficiaries will get double the amount of the sum assured. Annuity Policy Under this. Minimum Sum Assured allowed would be Rs. 10 lakhs and maximum would depend on conditions of insurability. However, under mail order business, maximum sum. Death, sickness, and disability are all covered by various life insurance plans. What matters most when purchasing a plan is that it meets your demands, offers.

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Life insurance is a protective policy that pays out a sum of money to the insured's beneficiaries after they have passed away Sum assured is the pre-defined amount payable by an insurance company to the policyholder at the end of the insurance term or to the nominee listed in the. The nominees of the policyholder receive the sum assured in the event of an untimely death of the insured during the policy period. A pre-decided sum assured.

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As a general practice, calculation for Sum Assured in a Term Insurance policy is - Minimum Sum Assured = Annual Income x 10 times + Loans/Liabilities. If you. This policy provides that if the insured person dies of any accident, his beneficiaries will get double the amount of the sum assured. Annuity Policy Under this. Life insurance is a protective policy that pays out a sum of money to the insured's beneficiaries after they have passed away