Meaning of “income insurance” in the English Dictionary


"income insurance" in Business English

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income insurancenoun [ U ]

uk us also income protection insurance

INSURANCE a type of insurance that protects someone if they lose income because of health or other problems:

The income insurance scheme has proved popular among rice farmers, whose crops are subject to flood and drought cycles.

(Definition of “income insurance” from the Cambridge Business English Dictionary © Cambridge University Press)