life insurance - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “life insurance”

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life insurance

noun [U]
 
 
( UK also life assurance) INSURANCE
a system in which you make regular payments to an insurance company in exchange for a fixed amount of money which will be paid to someone you have named, usually a member of your family, when you die: For £23 a month a man aged 30 can buy a £100,000 life insurance policy. a life insurance company
Translations of “life insurance”
in Chinese (Traditional) 人壽保險…
in Russian страхование жизни…
in Turkish yaşam sigortası…
in Chinese (Simplified) 人寿保险…
in Polish ubezpieczenie na życie…
(Definition of life insurance from the Cambridge Business English Dictionary © Cambridge University Press)
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