insurance policy

American  

[in-shoor-uhns pahl-uh-see, in-shur-uhns] / ɪnˈʃʊər əns ˌpɑl ə si, ɪnˈʃɜr əns /

noun

plural

insurance policies

1. a contract with an insurer, specifying the types of losses or expenses to be covered and the conditions that apply.

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Example Sentences

As for the payouts themselves, in the case of a traditional life insurance policy, you will usually receive your payment in one lump sum.

From Salon • Mar. 24, 2026

WSJ | Buy Side: A $1 million life insurance policy might be more affordable than you think.

From The Wall Street Journal • Mar. 16, 2026

Kwok Yin-sang attempted in 2025 to withdraw a balance of around US$11,000 by terminating an insurance policy he bought for his daughter when she was an infant.

From Barron's • Feb. 26, 2026

She also has drawn attention for a plan to create a state-run disaster insurance policy for Californians.

From Los Angeles Times • Feb. 21, 2026

Hale had no need to get an insurance policy on his friend’s life—a policy that wouldn’t have a significant return unless Roan, who was then in his late thirties, suddenly died.

From "Killers of the Flower Moon" by David Grann