Word INSURANCE: meanings, synonyms & antonyms

insurance

🇺🇸 [ɪnˈʃʊərəns]

Meanings

A system in which individuals or organizations pay regular premiums to a company in exchange for protection against certain financial losses, such as accidents, illnesses, or property damage. Insurance helps manage risks by spreading the cost of potential claims.

Examples

• He bought health insurance to cover medical expenses.
• The company provides insurance for its employees.
• You should get car insurance before driving your new vehicle.

Synonyms

coverage • protection • policy

Antonyms

risk • danger • uncertainty