/ɪnˈʃʊrəns/ – Noun
Definition: hợp đồng giữa bên bảo hiểm và bên được bảo hiểm để bảo vệ chống lại rủi ro và thiệt hại.
A more thorough explanation: an agreement where you pay regular amounts of money to an insurance company money in return for the company giving you money in case of accident, injury, death, theft, or damage to property etc
Example: Insurance companies must pay the same compensation for women and men, the government has said.