Definition of "insurance policy" []

• A legal document outlining a particular insurance cover for an insured entity for a given risk. For example; “BIFS Insurance” provides insurance policies. (noun)

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• "Substitute: your term life insurance policy and disability plan."
• "Deathswitch.com members first store important information, such as account numbers, passwords, insurance policy numbers, and last words on deathswitch.com."
• "The SDI was an insurance policy to guarantee that the Soviets kept the commitments Gorbachev and I were making at Reykjavik."