Definition: The word "assured" refers to something that guarantees a specific outcome or safety, like insurance. It implies that the insurance company will provide the promised amount of coverage for a specific event without any questions asked. For example: - You could use the term "assured health insurance" in an insurance policy if you know that your doctor's appointment is guaranteed and will be covered by the insurance company. - In a car accident claim, it means that the insurer will pay all expenses related to the accident, including medical bills, repairs, etc. The word "insurance" refers to financial protection for someone or something. It is a legal document that covers a person or property from some risk or loss in case of damage or harm. Insurance companies work with insurance providers who can help people or businesses purchase and use various types of insurance policies.
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