( more) - (chiefly British definition) Insurance providing for certainties such as death.
a British term for some kinds of insurance
English term meaning insurance.
Also known as insurance but generally used for life assurance. Insurance covers an uncertain event whereas life assurance covers a certain event (ie death) only where the date is unknown.
The act of assuring a certain sum in the event of survival or death of a human life during a specified period.
A benefit payable on death. See also: LIFE ASSURANCE.
insurance providing financial assistance for losses suffered as a result of death
Often interchangeable with insurance and usually used in conjunction with life assurance.
A Specific type of life insurance policy often linked with a mortgage or loan. A portion of premium goes toward insuring your life, and will pay off loan in the event of death. The rest is invested and will pay a lump sum at the end of the term.
Insurance against an inevitable event such as death.... more on Assurance
a term interchangeable with insurance but generally used in connection with life cover as assurance implies the certainty of an event and insurance the probability.
sometimes used in place of "insurance" with the same meaning.
a term interchangeable with insurance, which is often used in the case of Life and Marine business.
In the UK the term 'assurance' tends to be used where insurance is taken out against something which will inevitably occur, an example is death, as this is going to occur inevitably and that is why life assurance is called "assurance" rather than insurance.
A term sometimes used instead of "insurance", generally in connection with life business, since assurance implies the certainty of an event (such as death) and insurance only the probability.
Refers to insurance that is based on human life.