123 Another Word for Insurance? – Insurance Synonyms & Antonyms

Want to say insurance differently? Here are other words for insurance and its similar synonyms and opposite words to say in unique way.


Meaning of insurance

The primary meaning of the word "insurance" is a financial arrangement that provides protection against a possible event.

Etymology of insurance

The word "insurance" comes from the Old French word "ensurer", which means "to make certain" or "to guarantee".
The concept of insurance dates back to ancient times, with evidence of early forms of insurance found in ancient Babylon, Greece, and Rome.
The modern concept of insurance emerged in the 17th century in England, with the establishment of the first insurance companies.

Synonyms

assurance guarantee protection security indemnity coverage safeguard shield defense precaution provision warranty indemnification underwriting hedging risk management surety bond collateral pledge undertaking commitment contract agreement treaty pact covenant stipulation clause condition term policy plan scheme program arrangement agreement understanding accord

Definitions

  • A contract that provides financial protection against a possible event, in exchange for regular payments, known as premiums.
  • A means of managing risk by transferring it to an insurer, who agrees to pay a specified amount in the event of a loss.
  • A system of financing in which a group of people share the cost of protecting each other against a common risk.

Usage Examples

  • The company offers insurance to its employees as part of their benefits package.
  • She bought insurance to protect her home against damage from natural disasters.
  • He invested in insurance to secure his financial future in case of an unexpected event.

Antonyms

uncertainty risk vulnerability exposure susceptibility weakness fragility insecurity danger hazard peril threat gamble chance speculation uncertainty unpredictability unreliability instability

Related Adjectives

financial monetary economic fiscal contractual legal binding mandatory compulsory optional voluntary comprehensive extensive limited restricted exclusive inclusive general specific standard customary

Related Nouns

policy plan program scheme arrangement agreement contract treaty pact covenant stipulation clause condition term premium payment claim benefit coverage protection security indemnity guarantee warranty

Related Verbs

insure guarantee protect secure safeguard defend cover compensate indemnify underwrite hedge manage mitigate reduce minimize prevent avoid transfer assign assume
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