💡 Words with a Similar Meaning to "Sum assured"
Found via reverse dictionary — words that share a conceptual meaning.
| Word | Definition |
|---|---|
| assurancenoun | The act of assuring; a declaration intended to inspire full confidence; something designed to give confidence to someone. |
| insurancenoun | A means of indemnity against a future occurrence of an uncertain event. |
| endowment assurancenoun | (insurance) A form of life insurance paying a lump sum to the policyholder on survival to a fixed date, or to the estate or beneficiaries if the policyholder dies before that date. |
| level term assurancenoun | (insurance) Term assurance with a sum assured that remains level over the term of the contract. |
| increasing term assurancenoun | (insurance) Term assurance with a sum assured that increases over the term of the contract. |
| life assurancenoun | An insurance policy that pays out on death (or on certain other conditions). |
| life assurednoun | (insurance) A person whose life is insured under a life insurance policy. |
| term assurancenoun | (insurance) Life insurance that pays out a lump sum benefit on the death of the life assured within the term of the policy, and nothing on survival to the end of the term. |
| suretynoun | Certainty. |
| decreasing term assurancenoun | (insurance) Term assurance with a sum assured that decreases over the term of the contract. |
| risknoun | (uncountable) The probability of a negative outcome to a decision or event. |
| coinsurancenoun | (especially US) The joint assumption of risk between the insurer and the insured party. |
| benefitnoun | An advantage; help or aid from something. |
| guaranteenoun | Anything that assures a certain outcome. |
| insurance policynoun | (insurance) A legal document outlining a particular insurance cover for an insured entity for a given risk. |
| surety bondnoun | (law) In a criminal case, the surety (or bail) bond assures the appearance of the defendant or the repayment of bail forfeited upon the defendant's failure to appear in court. |
| surrender valuenoun | (insurance) A final payout made by a life insurer to a policyholder, on the event of the policyholder surrendering their insurance contract. |
| warrantynoun | (countable) A written guarantee, usually over a fixed period, provided to someone who buys a product or item, which states that certain repairs and/or replacement parts will be provided free of charge in case of damage or a defect. |
| assumpsitnoun | (law) An action to recover damages for breach or nonperformance of such a promise. |
| endowmentnoun | Property or funds invested for the support and benefit of a person or not-for-profit institution. |
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