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insurance British & World English

An arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium

insurance English Thesaurus

insurance on his new car was going to cost him £750

co-insurance British & World English

A type of insurance in which the insured pays a share of the payment made against a claim

fire insurance British & World English

Insurance taken out to cover the cost of damage caused by fire

group insurance British & World English

Insurance that covers a defined group of people, such as employees of a company or members of a particular profession, typically against illness or death

insurance agent British & World English

A person employed to sell insurance policies

insurance stamp British & World English

A stamp which certifies that a weekly payment has been made towards National Insurance

life insurance British & World English

Insurance that pays out a sum of money either on the death of the insured person or after a set period

self-insurance British & World English

Insurance of oneself or one’s interests by maintaining a fund to cover possible losses rather than by purchasing an insurance policy

credit insurance British & World English

Insurance taken out to protect against bad debts

fidelity insurance British & World English

Insurance taken out by an employer against losses incurred through dishonesty by employees

health insurance British & World English

Insurance taken out to cover the cost of medical care

insurance broker British & World English

A person or company registered as an adviser on matters of insurance and as an arranger of insurance cover with an insurer on behalf of a client

insurance carrier British & World English

An insurer; an insurance company

insurance policy British & World English

A document detailing the terms and conditions of a contract of insurance

mutual insurance British & World English

Insurance in which some or all of the profits are divided among the policyholders

National Insurance British & World English

(In the UK) the system of compulsory payments by employees and employers to provide state assistance for people who are sick, unemployed, or retired

social insurance British & World English

A system of compulsory contribution to enable the provision of state assistance in sickness, unemployment, etc.

portfolio insurance British & World English

A strategy designed to protect a portfolio of investments against potential losses

term life insurance British & World English

Life insurance that pays a benefit in the event of the death of the insured during a specified term. Compare with whole life insurance

whole life insurance British & World English

Life insurance that pays a benefit on the death of the insured and also accumulates a cash value

PPI British & World English

Payment protection insurance, a form of insurance intended to cover loan or credit card repayments in the event of loss of income due to illness, unemployment, etc.


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