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Meaning of sum assured | Babel Free

Noun CEFR B2

Definitions

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

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

sum of best sum of its parts sum of parts sum total sum-total sum-up