insurance

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Insurance

Guarding against property loss or damage by making payments in the form of premiums to an insurance company, which pays an agreed-upon sum to the insured in the event of loss.

Insurance

A contract between a client and a provider whereby the client makes monthly payments, called premiums, in exchange for the promise that the provider will pay for certain expenses. For example, if one purchases health insurance, the provider will pay for (some of) the client's medical bills, if any. Likewise in life insurance, the provider will give the client's family a certain amount of money when the client dies. The insurance company spreads the risk of any one expense by pooling the premiums from many clients. See also: Takaful.

insurance

a method of protecting a person or firm against financial loss resulting from damage to, or theft of, personal and business assets (general insurance), and death and injury (life and accident insurance). Insurance may be obtained directly from an INSURANCE COMPANY or through an intermediary such as an INSURANCE BROKER/AGENT. In return for an insurance premium the person or firm obtains insurance cover against financial risks. See ASSURANCE, COST, INSURANCE AND FREIGHT.

insurance

a method of protecting a person or firm against financial loss resulting from damage to, or theft of, personal and business assets (general insurance), and death and injury (life and accident insurance). Insurance may be obtained directly from an INSURANCE COMPANY or through an intermediary such as an INSURANCE BROKER/AGENT. In return for an insurance premium, the person or firm obtains insurance cover against financial risks. The term assurance is frequency used interchangeably with that of insurance to describe certain kinds of life insurance. See RISK AND UNCERTAINTY.

insurance

A commercial contract agreeing to compensate one for loss in the event of specifically named or described risks.

References in periodicals archive ?
In 2011, the Bulgarian retirement insurance companies had a total turnover of BGN 80.
RETIREMENT Insurance Advisory Service (RIAS) check premiums at 15 firms and underwriters to find the best rate for drivers over 50.
For detailed information on comprehensive medical, disability, term life, business overhead expense, hospital indemnity, accidental death and dismemberment and supplemental retirement insurance products, as well as limitations and exclusions, contact Business Planning Concepts, Inc.
The Retirement Insurance Advisory Service, which also provides policies for those approaching retirement, has launched a new home-contents scheme.
The administrators' compensation includes health benefits, retirement insurance, deferred compensation and other benefits.
22), allowances, health and retirement insurance will be covered by the EU Budget to which they contribute in "conditions that are identical to" to those of European civil servants (see also article on the Statute for MEPs' assistants in this Section).
Conversely, future administrations wouldn't dare tamper with a system that people felt they had paid for out of their own paychecks, like retirement insurance.
The hole-in-one bonus is open to those taking home insurance with the Retirement Insurance Advisory Service.
public opinion favored modelling crucial aspects of a new medical insurance program for the elderly on the preexisting Social Security program of retirement insurance.
Contract notice: Implementation By Several External Actors Of Actions To Train Msd Prevention Workers Organized By The Prevention Department Of The Retirement Insurance And Occupational Health (Carsat).

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