The sum assured is the amount payable on the occurrence of an event insured against under a benefit policy, such as the death of the insured. At maturity, the ...DictionaryGrammarBlogSchoolScrabbleThesaurusTranslatorQuizMoreResourcesMorefromCollinsEnglishChineseFrenchGermanHindiItalianPortugueseSpanishGrammarHomeEnglishEnglishUsageGrammarPatternsFrenchGermanItalianSpanishEnglishGrammarinHindiLanguageLoversLearningEnglishLearningFrenchLearningGermanLearningItalianLearningSpanishScrabbleHomeWordcheckerHelpToolsEnglishThesaurusWordListsAmericanThesaurusCollinsWordoftheDayPaulNobleMethodResourcesVideoPronunciationWordoftheYearAboutUsAdvertisewithusB2BPartnershipsCollinsCOBUILDCollinsELTContactUsDictionaryAPIHarperCollinsPublishersWordBanksEnglishFrenchSpanishMoredictionariesMoreHindiChineseGermanItalianPortugueseDefinitionof 'sumassured'  Share×Credits×sumassuredinInsurance(sʌməʃʊərd)Wordforms:(regularplural)sumsassurednoun(Insurance:Lifeinsurance)Thesumassuredistheamountpayableontheoccurrenceofaneventinsuredagainstunderabenefitpolicy,suchasthedeathoftheinsured.Atmaturity,theendowmentpolicyshouldrepaytheloan;iftheborrowerdiesbeforematurity,thesumassuredwillrepaytheloan.Intheeventofyourunfortunatedeathduetoanaccidentyourfamilywillreceive100percentofthesumassured.Thesumassuredistheamountpayableontheoccurrenceofaneventinsuredagainstunderabenefitpolicy,suchasthedeathoftheinsured.COBUILDKeyWordsforInsurance.Copyright©HarperCollinsPublishersYoumayalsolikeEnglishQuizConfusablesLanguageLover'sBlogTranslateyourtextPronunciationPlaylistsWordoftheday:'prisonerofconscience'NEWfromCollins!EnglishGrammarCollinsAppsNearbywordsofsumassuredSuluSeasumsumandsubstancesumassuredsuminsuredsumtotalsumupAllENGLISHwordsthatbeginwith'S'SourceDefinitionofsumassuredfromtheCollinsEnglishDictionaryNewfromCollinsQuickwordchallengeQuizReviewQuestion:1-Score:0/5who'sorwhose?Dragthecorrectanswerintothebox.whosewho'sIsawamanshoutingatadriver carwasblockingthestreet.didordone?Dragthecorrectanswerintothebo