Insurance Company Meaning In English

Insurance a contract under which one party (the insurer), in consideration of receipt of a premium, undertakes to pay money to another person (the assured) on the happening of a specified event (as, for example, on death or accident or loss or damage to property). Paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.

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An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.a person or entity who buys insurance is known as an insured or as a policyholder.

Insurance company meaning in english. Insurance company meaning, definition, what is insurance company: Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils. After the fire, they were able to rebuild their house with the insurance.

Assignment can also be done in favour of a close relative when the policyholder wishes to give a gift to that relative. Term insurance is the cheapest way of buying live insurance. A company whose business is providing and selling insurance:

We go where you go. Noun a means of being insured.; Contracts of insurance are uberrimae fidei, requiring.

From its past claims record, the company actuary can ascertain the probability of a particular event occurring (for example, a fire) and can assess the average financial loss associated with each event. An agreement in which you pay a company money and they pay your costs if you have an accident…. From the american heritage® dictionary of the english language, 5th edition.

Insurance firm, insurance underwriter, insurer, underwriter. A building, car etc] the assessor said our house is worth over $200,000. Insurance is a means of protection from financial loss.

Insurance company slogans live a long life with protection. Noun an arrangement or agreement that protects someone from incurring future losses, as from damage, theft, illness, or death, especially a contract that transfers the risk of a specified loss to another. Noun the act, business, or system of insuring.;

Insurance is defined as a contract, which is called a policy, in which an individual or organisation receives financial protection and reimbursement of damages from the insurer or the insurance company. In this post, you will find 77+ insurance company slogans & taglines. Insurance company a financial institution that provides a range of insurance policies to protect individuals and businesses against the risk of financial losses in return for regular payments of premiums.an insurance company operates by pooling risks amongst a large number of policyholders.

Maggie loves maths so she's thinking of becoming an actuary. [uncountable, countable] an arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs, for example, if you die or are ill, or if you lose or damage something health/medical insurance; (however, there are some times when the company will not have to pay money back, such as if the person was not careful.)

Life insurance is a form of insurance in which a person makes regular payments to an. Insurance is a term in law and economics. After the term stated in original contract expires, the sum of money paid to insurance company will need to be renegotiated and will often increase.

She has a job in insurance. Private insurance accounts for about 35 per cent of healthcare in the us.; In exchange for this, if something bad happens to the person or thing that is insured, the company that sold the insurance will pay money back.

Insurance money definition, meaning, english dictionary, synonym, see also 'insurance',insurance policy',accident insurance',fire insurance', reverso dictionary. A person who calculates the value of something [eg: Insurance synonyms, insurance pronunciation, insurance translation, english dictionary definition of insurance.

The instrument containing the terms of the contract is known as a policy. | meaning, pronunciation, translations and examples Insurance definition, the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.

A company that sells insurance: The act, business, or system of insuring. Noun the state of being insured.;

We want you to […] Term life insurance or term assurance is life insurance that provides coverage for some sum of money during a given period of time. How to use insurance in a sentence.

We’ll chase the recession together! An arrangement in which a company collects premium s (=regular payments) from a person or organization and in return agrees to pay them a sum of money if they are involved in an accident, have something stolen, or cause harm or injury to others. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

Subject to the provision of federal law number (6) for the year 2007, we are a public joint stock insurance company, which is listed on the abu dhabi securities exchange under the ticker symbol ih, and has been incorporated in abu dhabi with a total paid up capital amounting to aed 118,780,500. A company that sells insurance | meaning, pronunciation, translations and examples It is a contract that provides protection to an entity against a loss.

A person who calculates risks for insurance companies. The term insurance is pretty straightforward. Money that an insurance company agrees to pay you if something that you own is damaged, lost, or stolen, or if you die or are ill or injured.

These rules tend to defeat the very essence of insurance i.e. This is the british english definition of insurance. ‘the company has indicated that the proposals governing health insurance will protect them against rising costs.’ ‘at least we have crop insurance which is good protection against decisions that turn out bad.’ ‘if they fall within the legal definition of insurance, protection may be offered to consumers in two ways.’

This protection, therefore, guarantees reimbursement from an insurance company. The state of being insured. There many types of insurance policies.

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