Definition and synonyms of insurance from the online English dictionary from Macmillan Education.. This is the British English definition of insurance.View American English definition of insurance.. Change your default dictionary to American English. Insurance Definition: Insurance refers to a contractual arrangement in which one party, i.e. insurance company or the insurer, agrees to compensate the loss or damage sustained to another party, i.e. the insured, by paying a definite amount, in exchange for an adequate consideration called as premium.
term meaning; actuary: n. a person who calculates risks for insurance companies Maggie loves maths so she's thinking of becoming an actuary.: assessor: n. a person who calculates the value of something [eg: a building, car etc] The assessor said our house is worth over $200,000.: claim: n. an application for payment under an insurance policy – to make a claim v. How long have we got to make a.
Insurance definition english. A contract between a client and a provider whereby the client makes monthly payments, called premiums, in exchange for the promise that the provider will pay for certain expenses.For example, if one purchases health insurance, the provider will pay for (some of) the client's medical bills, if any.Likewise in life insurance, the provider will give the client's family a certain amount of money. Insurance definition is – coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. How to use insurance in a sentence. Insurance is an arrangement in which you pay money to a company, and they pay you if something unpleasant happens to you, for example, if your property is stolen or damaged, or if you get a serious illness. The house was a total loss and the insurance company promptly paid us the policy limit. 2.
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.A person or entity who buys insurance is known as an insured or as a policyholder. 27 people chose this as the best definition of insurance: An insuring or being insu… See the dictionary meaning, pronunciation, and sentence examples. insurance a contract under which one party (the insurer), in consideration of receipt of a premium, undertakes to pay money to another person (the assured) on the happening of a specified event (as, for example, on death or accident or loss or damage to property). The instrument containing the terms of the contract is known as a policy. Contracts of insurance are uberrimae fidei, requiring.
Define insurance. insurance synonyms, insurance pronunciation, insurance translation, English dictionary definition of insurance. n. 1. a. The act, business, or system of insuring. b. The state of being insured. c. A means of being insured. 2. a. An arrangement or agreement that… insurance definition in English dictionary, insurance meaning, synonyms, see also 'insurance policy',accident insurance',fire insurance',group insurance'. Enrich your vocabulary with the English Definition dictionary In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
Definition of life insurance written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. insurance – WordReference English dictionary, questions, discussion and forums. All Free. translation and definition "mandatory health insurance", Dictionary English-English online. mandatory health insurance. Example sentences with "mandatory health insurance", translation memory. MultiUn. Financing is available for medication and treatment of HIV/AIDS through the system of mandatory health insurance.
Insurance definition, the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. See more. ‘Group health insurance in large companies protects the individual with costly conditions by including him with the less costly.’ ‘Identity theft is becoming so widespread in the UK that many companies now offer insurance to protect against falling victim to this increasingly common type of fraud.’ insurance definition: 1. an agreement in which you pay a company money and they pay your costs if you have an accident…. Learn more.
insurance meaning: 1. an agreement in which you pay a company money and they pay your costs if you have an accident…. Learn more. Insurance is a term in law and economics. It is something people buy to protect themselves from losing money. People who buy insurance pay a "premium" (often paid every month) and promise to be careful (a "duty of care"). In exchange for this, if something bad happens to the person or thing that is insured, the company that sold the insurance. insurance document definition in the English Cobuild dictionary for learners, insurance document meaning explained, see also 'insurance adjuster',life insurance',national insurance',insure', English vocabulary
Definition of insurance written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels.