Definition: Meaning of, insurance in English to English dictionary.
Pronunciation:/ ɪnˈʃʊər(ə)ns /
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[uncountable] an arrangement with a company in which you pay them money, especially regularly, and they pay the costs if something bad happens, for example if you become ill or your car is damaged [↪ assurance, third party insurance]
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[uncountable] the business of providing insurance
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[uncountable]British English the money that you pay regularly to an insurance company [= insurance premium]
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[singular, uncountable] protection against something bad happening
a system organized by the British government in which workers and employers make regular payments, and which provides money for people who are unemployed, old, or ill
a special number given to each person in the UK as soon as they are old enough to work, so that they become part of the NATIONAL INSURANCE system. There is a similar system in the US, by which people are given a SOCIAL SECURITY NUMBER .
insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril
life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured