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insurance policy

insurance policy

98 2.8
A document that shows the details of an agreement when a company pays money after a loss
  • noun
  • /ɪnˈʃʊərəns ˈpɒlɪsi/
: póliza de seguro
  • She reviewed her insurance policy to understand the coverage details before filing a claim.
  • an insurance policy covers
  • buy an insurance policy
  • cost of an insurance policy

He has no job, he has no insurance policies, nothing.

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Examples

  • We just signed a new insurance policy in Nevada.

  • We should have taken a bigger life insurance policy out on you.

    Fiction book (1997)
  • Suppose you bought a life insurance policy for your family.

  • So a whole life insurance policy has no term.

  • You have a $10 million insurance policy.

  • Almost half of all Washington residents with health insurance get their insurance through large group insurance policies.

    Academic text (2017)
  • But my company's taken out a life insurance policy on me.

  • Ted, Mr. Barnell would like to discuss his brother's life insurance policy with us.

  • A company that sells pet health insurance policies has dubbed the last Sunday in April "Pet Parents Day."

    Academic text (2009)
  • An employer may also legally offer a health insurance policy that provides only limited benefits to HIV-positive employees.

    Academic text (2006)

Synonyms

policy
vsinsurance policy
180 3.4

A written contract from an insurance company that says what it covers

is the same contract named with the fuller two word expression
insurance
vsinsurance policy
2.8

A document that promises to pay money for certain loss or damage

focuses on contract details and coverage between provider and buyer rather than payment guarantee

How Detailed

comprehensive insurance policy
  • Specialized
1 3.9
insurance policy
98 2.8
policy
180 3.4

Surface Forms

Morphology

insurance + policy

The meaning is directly and compositionally derived from 'insurance' (coverage against loss) + 'policy' (a formal document or plan), so a learner who knows both words can infer it denotes the document describing insurance terms. This is a common noun–noun compounding pattern found across languages and standard in English, making it readily understandable at B1.

Etymology

Insurance policy combines insurance, meaning a 'promise' to pay if something goes wrong, and policy, an old word for a written paper or set of rules. Long ago people needed a paper to show the promise, so the 'policy' became the document that proves the insurance, and that's why today insurance policy means the written contract that gives you coverage.