Need A Financial Product Forums Insurance What is sum Assured rebate?

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    Aadish Shah

    What is sum Assured rebate?


    Sagar Jain

    Sum assured rebate is the amount a policy holder gets following a rebate pattern after paying a premium to the insurer. This amount gets collected and is paid to the nominee in case of the death of policy holder. The policy holder gets the choice to select the sum and it becomes mandatory to the insurance people to pay him back the assured amount at the time of his death. Many schemes run along these ensuring different pay-outs of different insured sums by the policy holders.

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