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English definition of “insurance”

insurance

noun [U]    /ɪnˈʃʊər·əns/  /ˈɪnˌʃɜr-/
the agreement in which you pay a company money and the company pays the cost if you have an accident , injury , or loss : fire / health / life insurance
(Definition of insurance noun from the Cambridge Academic Content Dictionary © Cambridge University Press)
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