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insurance

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insurance/ɪnˈʃɚrəns/noun
insurance
/ɪnˈʃɚrəns/
noun
Learner's definition of INSURANCE  
[noncount]
: an agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen
— see also national insurance
: the amount of money a person regularly pays an insurance company as part of an insurance agreement
   b : the amount of money that a person receives from an insurance company
: the business of providing insurance
: protection from bad things that may happen in the future— usually + against
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