Paragraph match score 80.2%
Page A-447
Glossary
Premium: Regular payments made to keep insurance active; varies by age, coverage, and risk profile Sum Assured: Fixed payout amount from life insurance on death/maturity, ensuring family income replacement
Page A-500
Glossary
Premium: The amount paid by the policyholder to keep the insurance policy active Sum Assured: The guaranteed amount the insurer will pay out when a claim is made under the policy