income insurance

income insurance income insurance insurance

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income insurance UK US noun [U] (also income protection insurance)
INSURANCE a type of insurance that protects someone if they lose income because of health or other problems: »

The income insurance scheme has proved popular among rice farmers, whose crops are subject to flood and drought cycles.


Financial and business terms. 2012.

Look at other dictionaries:

  • loss-of-income insurance — Insurance coverage that will pay out income that a policyholder loses as a result of a disability, injury, or business disruption. Bloomberg Financial Dictionary …   Financial and business terms

  • disability income insurance — insurance covering one in the event of disablement …   English contemporary dictionary

  • disability income insurance — An insurance policy that insures a worker in the event of an occupational mishap resulting in disability. insurance benefits compensate the injured worker for lost pay. Bloomberg Financial Dictionary …   Financial and business terms

  • Social Security Disability Income Insurance — Program financed by the Social Security tax to provide assistance to disabled individuals with disabilities expected to last at least one year, to compensate for lost income. Bloomberg Financial Dictionary …   Financial and business terms

  • retirement income insurance — noun : a policy providing a death benefit should the insured die before reaching a stated age or a life income should he survive to that age …   Useful english dictionary

  • income protection insurance — UK US noun [U] ► INSURANCE INCOME INSURANCE(Cf. ↑income insurance) …   Financial and business terms

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • insurance — Guarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed upon sum to the insured in the event of loss. Bloomberg Financial Dictionary * * * insurance in‧sur‧ance [ɪnˈʆʊərəns ǁ… …   Financial and business terms

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

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