Insurance
Noun
UK
/ɪnˈʃʊə.rəns/
US
/ɪnˈʃʊr.əns/
Level: Easy - A1 (Beginner)
Definition
Money protection plan against loss, damage, or illness.
Example
"They have health insurance from their company."
"Insurance helps people pay bills after an accident or illness."
"Many families buy insurance to protect their homes from fire or damage."
Explanation
Insurance is a plan or service that protects people from losing money when something bad happens. For example, if your car is damaged, car insurance helps pay for the repair. If you get sick, health insurance helps pay your medical bills. People buy insurance so they feel safe and supported during accidents, illness, or loss. People pay small amounts called premiums, and the company helps if something goes wrong.