A contract detailing an insurance policy and outlining what risks are insured, what insurance premiums are to be paid by the policyholder, what deductibles prevail, and all the details associated with a policy. Bloomberg Financial Dictionary
* * *
insurance policy insurance policy \I've moved all the 'policy' compounds to entry for 'policy' ➔ policy
* * *
insurance policy UK US noun [C]
► INSURANCE a document stating the agreement between an insurance company and a person or company that has arranged insurance with it: take out/apply for/have an insurance policy »
To make sure that your employer can pay the compensation, they must take out an insurance policy.
»a travel/accident insurance policy
»a household/life insurance policy
Financial and business terms. 2012.