Stated life cover amount
Sum assured
The amount an insurer agrees to pay on a covered event as defined in the policy. Riders and conditions can affect what is actually paid.
In simple terms
The amount an insurer agrees to pay on a covered event as defined in the policy. Riders and conditions can affect what is actually paid. Use the related calculators below to see the idea in numbers — results are illustrative, not advice.
Related terms
Sources & methodology
- Verify definitions against official scheme / tax documents — terms and rates can change by notification
- Aaru Wealth Methodology
Always verify current rates, slabs and scheme rules on official portals. Calculator outputs are illustrative estimates.