What is Sum Assured?
Sum Assured (also called cover) — The guaranteed amount an insurer pays on a valid claim — the size of your life or health cover.
In simple terms
A ₹1 crore sum assured is the payout to your nominee.
Why Sum Assured matters when you invest
Understanding sum assured helps you make better-informed decisions when you invest and trade on ROAR by DP TradeKING. Open a free account to put it into practice — ₹0 delivery brokerage and zero-commission direct mutual funds.
Sum Assured — frequently asked questions
What is Sum Assured?
The guaranteed amount an insurer pays on a valid claim — the size of your life or health cover.
What does Sum Assured mean in the stock market?
The guaranteed amount an insurer pays on a valid claim — the size of your life or health cover. A ₹1 crore sum assured is the payout to your nominee.
Can you give an example of Sum Assured?
A ₹1 crore sum assured is the payout to your nominee.
Put it into practice — open a free account.
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