Paragraph match score 85.1%
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-595
Glossary:
Premium: The periodic payment made by a policyholder to an insurance company to maintain coverage under an insurance policy Sum Assured: The guaranteed payout amount an insurance company will provide upon the fulfilment of the policy terms