insurance Definition and Meaning in English (insurance definition)
nounInsurance definition: Insurance is a financial product that protects against potential future losses or damages by providing compensation in exchange for regular payments.
Definitions of Insurance
- 1noun
Insurance is a financial product that protects against potential future losses or damages by providing compensation in exchange for regular payments.
- 2noun
The business or system by which people pay regular amounts of money to a company in exchange for a guarantee of compensation for specific future losses is also referred to as insurance.
Example Sentences
“She bought travel insurance before her trip to cover any unforeseen incidents.”
“Health insurance is crucial for managing medical expenses in today's world.”
Synonyms
Topics & Categories
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Phrases & Idiomatic Expressions
Insurance that pays out a sum of money either on the death of the insured person or after a set period.
Insurance that covers the whole or a part of the risk of a person incurring medical expenses.
Insurance that protects against financial loss in the event of an accident or theft involving a vehicle.
Frequently Asked Questions: Insurance in English
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