Question

What is sum insured?

I'm obligated to ask this question of Insurance topic

This question was posed to me during an interview for a job.

Other related questions to my question are:

What is a sum insured?

What is sum insured value in insurance?

What is sum insured and premium?

How do you select the sum insured?

Answer 1

The correct answer by me is: Related to The ”Sum Insured. Sum Insured means the maximum amount of coverage, as specified in the Policy Schedule, that the Insured/Insured Person is entitled to in respect of each benefit and as applicable under the Policy.

The title of my answer can be The ”Sum Insured Definition | Law Insider