Tag: sum insured

sum-insured-sum-assured

Sum Insured vs. Sum Assured in Group Health Insurance

Before you choose a group health insurance for your company, it is important to research the difference between insurance policies. Insurance policy documents contain several technical terms that a policyholder needs to understand. Two commonly used terms are “sum insured” and “sum assured”. Understanding what the two are and the difference between sum insurance and […]

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sum insured

Sum Insured in Health Insurance Policies: Compare Personal and Group Health Insur

Group health insurance can be defined as a health insurance policy that provides financial compensation to the insured in case of hospitalization due to any of the illness or disease mentioned in the policy in return for a nominal amount known as a premium. The premium can be paid in one go or in installments. […]

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