Introduction. In insurance, the insured makes payments called "premiums" to an insurer, and in return is able to claim a payment from the insurer if the insured suffers a defined ...

noun. an insuring or being insured against loss; a system of protection against loss in which a number of individuals agree to pay certain sums (premiums) periodically for a ...

insurance - definition of insurance - A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the ...

insurance n. The act, business, or system of insuring. The state of being insured. A means of being insured

in·sur·ance [ in sh?r?nss] noun : Definition: 1. financial protection against loss or harm: an arrangement by which a company gives customers financial protection against loss ...