Insurance meaning in Urdu & English

(1) - Insurance (n.) A guaranty, security, or pledge; assurance.
(2) - Insurance (n.) The sum for which life or property is insured.
(3) - Insurance (n.) The premium paid for insuring property or life.
(4) - Insurance (n.) The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6.

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