Beshak Insurance dictionary

search icon
Sum Insured
Term Life Insurance

Insurance policies cover specific events - like hospitalization, a trip delay, or an accidental injury. Sum Insured is the maximum amount an insurance company will pay on the occurrence of such an event. It is like a refund of the loss occurred, calculated as per the terms and conditions in the policy.

This term is used in products like Health Insurance, Car Insurance.

Sum Insured is like a strict accountant - who pays you for your expenses against bills and company policies. Someone who keeps pai pai ka hisaab.

Discover the best tips for insurance every week!

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business.
© Copyright 2022 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to now 🙂