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Glossary   >   G   >   "Guaranteed sum assured" Definition            Guaranteed sum assured A term used by some life companies which refers to the minimum sum payable by a life policy either on the death of the life assured or on maturity. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Guaranteed sum assured - A term used by some life companies which refers to the minimum sum payable by a life policy either on the death of the life assured or on maturity.