Insurance Company Meaning In English

Insurance company meaning in english | What in the World is a Carnegie Unit? High school

Insurance company meaning in english ~ [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; | meaning, pronunciation, translations and examples The term insurance is pretty straightforward. 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.

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. A person who calculates risks for insurance companies. These rules tend to defeat the very essence of insurance i.e. 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).

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. Noun the state of being insured.; There many types of insurance policies. Term life insurance or term assurance is life insurance that provides coverage for some sum of money during a given period of time.

Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils. Insurance is a term in law and economics. 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.

We’ll chase the recession together! She has a job in insurance. 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. We go where you go.

The instrument containing the terms of the contract is known as a policy. 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. 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. The act, business, or system of insuring.

In this post, you will find 77+ insurance company slogans & taglines. Insurance company meaning, definition, what is insurance company: Insurance is a means of protection from financial loss. Noun a means of being insured.;

Private insurance accounts for about 35 per cent of healthcare in the us.; This protection, therefore, guarantees reimbursement from an insurance company. A person who calculates the value of something [eg: Term insurance is the cheapest way of buying live insurance.

(however, there are some times when the company will not have to pay money back, such as if the person was not careful.) This is the british english definition of insurance. Assignment can also be done in favour of a close relative when the policyholder wishes to give a gift to that relative. How to use insurance in a sentence.

We want you to […] Insurance money definition, meaning, english dictionary, synonym, see also 'insurance',insurance policy',accident insurance',fire insurance', reverso dictionary. It is a contract that provides protection to an entity against a loss. A building, car etc] the assessor said our house is worth over $200,000.

Life insurance is a form of insurance in which a person makes regular payments to an. 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. Maggie loves maths so she's thinking of becoming an actuary. The state of being insured.

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 whose business is providing and selling insurance: Insurance company slogans live a long life with protection. An agreement in which you pay a company money and they pay your costs if you have an accident….

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. After the fire, they were able to rebuild their house with the insurance. From the american heritage® dictionary of the english language, 5th edition.

A company that sells insurance: It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. ‘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.’

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