MutualSaathiInsuranceWhat is the difference between Sum Insured and Sum Assured?
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What is the difference between Sum Insured and Sum Assured?

Sum Assured (used in life insurance) is the guaranteed amount paid to nominees on the policyholder's death. Sum Insured (used in health, motor, and property insurance) is the maximum amount the insurer will pay for covered losses. Sum Assured is fixed; sum insured can be 'reinstated' in some health plans after a claim.

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