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insurance policy

insurance policy

122 2.8
A document that shows the details of an agreement when a company pays money after a loss
  • noun
  • /ɪnˈʃʊərəns ˈpɒlɪsi/
translation icon : 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
488 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
255 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

insurance policy
122 2.8
policy
488 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.