The phrase "guaranteed sum" refers to a specific amount of money that is promised or assured. It means that the mentioned sum is certain and will be provided without any doubt or risk.
Sentences with «guaranteed sum»
Under this Plan, the «Minimum guaranteed sum assured on maturity» is zero and no benefit is payable on maturity of the Policy. (maxlifeinsurance.com)
On maturity or on the death of the life insured, the plan offers guaranteed sum assured along with additional bonuses. (policybazaar.com)
Here, basic sum assured is equal to guaranteed sum assured at maturity. (myinvestmentideas.com)