Definition: The word "insurance" refers to a financial product or service that provides protection against loss, damage, liability, or injury. It can refer to both physical (such as life insurance) and non-physical (such as health insurance). Insurance policies typically cover various types of losses, such as medical expenses, personal injuries, property damage, or lost wages. On the other hand, "registration" refers to a legal document that is required for access to certain public services. It can refer to both forms of registration, such as marriage certificates and driver's licenses, but more specifically it refers to a written authorization by the government to perform specific services. In summary, insurance covers losses resulting from physical damage, while registration regulates access to public services.
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