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Insurance

Insurance

(n)
UK
ɪnˈʃʊərəns
US
ɪnˈʃɔːrəns
Definition: An arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
Meaning: Tiền đóng bảo hiểm, hợp đồng bảo hiểm, sự bảo hiểm
Very Common
How to use "Insurance" vocabulary in sentence (example)

A person or family can make a budget for the month based on disposable income and know exactly how much money they will have that month to spend on things like rent or mortgage, food, insurance, car payments, and entertainment.

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Each year, on average, severe storms are responsible for more damage (as measured by insurance costs) than tropical cyclones, earthquakes, floods, or bushfires.

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Financial institutions headquartered in Manila include such establishments as the Development Bank of the Philippines, the Philippine National Bank, the Philippine Veterans Bank, the Government Service Insurance System, the Social Security System, and many private commercial and developmental banks.

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Private insurance companies and the Philippine Stock Exchange also contribute to the mobilization of savings for investment.

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