Definition of assurance in English:

assurance

Line breaks: as¦sur|ance
Pronunciation: /əˈʃʊər(ə)ns
 
/

noun

  • 3 [mass noun] chiefly British Insurance, specifically life insurance.
    More example sentences
    • Following a slow start to the year, recruitment levels in the insurance, assurance and reinsurance industries have picked up significantly this month.
    • Most lenders require mortgage holders to take out term assurance policies - a simple form of life insurance which pays off the mortgage debt if the holder dies.
    • Anyone who is self-employed or not a member of a company pension scheme can buy life assurance protection via a personal pension assurance policy.
    Synonyms
    insurance, indemnity, indemnification, protection, security, surety, cover, coverage; guarantee, safeguard, warranty, provision

Origin

late Middle English (in sense 2): from Old French, from assurer 'assure'.

Usage

In the context of life insurance, a technical distinction is made between assurance and insurance. Assurance is used of policies under whose terms a payment is guaranteed, either after a fixed term or on the death of the insured person; insurance is the general term, and is used in particular of policies under whose terms a payment would be made only in certain circumstances (e.g. accident or death within a limited period).

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