Phrases with «cover amount»

The phrase "cover amount" refers to a specific sum of money or value that an insurance policy or financial arrangement is designed to protect or provide. It is the maximum amount that will be paid out in the event of a claim or occurrence outlined in the policy or agreement. Full definition

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Sentences with «cover amount»

  • In case of death of the insured member, apart from the scheme specific death benefit, fixed life insurance cover amount of Rs 1000 per member, shall also be payable. (avivaindia.com)
  • The policyholder may opt for additional cover that pays the nominee a certain percentage of the life cover amount for key life events like marriage, birth or adoption of a child. (policybazaar.com)
  • However, the cover of both people would remain independent of each other, with an option to choose different cover amount for each. (myinvestmentideas.com)
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