Definition of insurance..
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1. an arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs if, for example, you die or are ill, or if you lose or damage something.
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ɪɴsᴜʀᴀɴᴄᴇ ᴍᴇᴀɴs
- ᴀɴ ᴀʀʀᴀɴɢᴇᴍᴇɴᴛ ᴡɪᴛʜ ᴀ ᴄᴏᴍᴘᴀɴʏ ɪɴ ᴡʜɪᴄʜ ʏᴏᴜ ᴘᴀʏ ᴛʜᴇᴍ ʀᴇɢᴜʟᴀʀ ᴀᴍᴏᴜɴᴛs ᴏғ ᴍᴏɴᴇʏ ᴀɴᴅ ᴛʜᴇʏ ᴀɢʀᴇᴇ ᴛᴏ ᴘᴀʏ ᴛʜᴇ ᴄᴏsᴛs ɪғ, ғᴏʀ ᴇxᴀᴍᴘʟᴇ, ʏᴏᴜ ᴅɪᴇ ᴏʀ ᴀʀᴇ ɪʟʟ, ᴏʀ ɪғ ʏᴏᴜ ʟᴏsᴇ ᴏʀ ᴅᴀᴍᴀɢᴇ sᴏᴍᴇᴛʜɪɴɢ
- एक कंपनी के साथ की गई ऐसी व्यवस्था जिसके अनुसार व्यक्ति उसे नियमित रूप से राशि देता है और कंपनी उसे सुरक्षा देती है, जैसे-मृत्यु, चोरी या हानि पर धन का भुगतान; बीमा
ʙᴀsɪᴄ ᴅᴇғɪɴɪᴛɪᴏɴ ᴏғ ɪɴsᴜʀᴀɴᴄᴇ
ɪɴsᴜʀᴀɴᴄᴇ ɪs ᴀ ᴄᴏɴᴛʀᴀᴄᴛ, ʀᴇᴘʀᴇsᴇɴᴛᴇᴅ ʙʏ ᴀ ᴘᴏʟɪᴄʏ, ɪɴ ᴡʜɪᴄʜ ᴀɴ ɪɴᴅɪᴠɪᴅᴜᴀʟ ᴏʀ ᴇɴᴛɪᴛʏ ʀᴇᴄᴇɪᴠᴇs ғɪɴᴀɴᴄɪᴀʟ ᴘʀᴏᴛᴇᴄᴛɪᴏɴ ᴏʀ ʀᴇɪᴍʙᴜʀsᴇᴍᴇɴᴛ ᴀɢᴀɪɴsᴛ ʟᴏssᴇs ғʀᴏᴍ ᴀɴ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ. ᴛʜᴇ ᴄᴏᴍᴘᴀɴʏ ᴘᴏᴏʟs ᴄʟɪᴇɴᴛs' ʀɪsᴋs ᴛᴏ ᴍᴀᴋᴇ ᴘᴀʏᴍᴇɴᴛs ᴍᴏʀᴇ ᴀғғᴏʀᴅᴀʙʟᴇ ғᴏʀ ᴛʜᴇ ɪɴsᴜʀᴇᴅ.
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