What's the difference between insurance and policy?

Insurance


Definition:

  • (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.
  • (n.) The premium paid for insuring property or life.
  • (n.) The sum for which life or property is insured.
  • (n.) A guaranty, security, or pledge; assurance.

Example Sentences:

  • (1) Further development of drug formulary concept was discussed, primarily for the drugs paid by the Health Insurance, as well as the unsatisfactory ADR reporting in Yugoslavia.
  • (2) Senator Bernie Sanders of Vermont, who is also seeking the Democratic presidential nomination, recently proposed a bill that would ease the financial burden of prescription drugs on elderly Americans by allowing Medicare, the national social health insurance program, to negotiate with the pharmaceutical companies to keep prices down.
  • (3) The direct monocyte source is not sufficient to insure the stability of this population.
  • (4) Obamacare price hikes show that now is the time to be bold | Celine Gounder Read more No longer able to keep patients off their plans outright, insurers have resorted to other ways to discriminate and avoid paying for necessary treatments.
  • (5) Most survivors reported a range of problems that they attributed to having had cancer: 35%, proven or perceived infertility; 24%, sexual problems; 31%, health and life insurance problems; 26%, a negative socioeconomic effect; and 51%, conditioned nausea, associated with visual or olfactory reminders of chemotherapy.
  • (6) They derive from publications of the National Insurance Institute for Occupational Accidents (INAIL) and refer to the Italian and Umbrian situation.
  • (7) Initial analysis suggests that about one-fifth of gross costs would be directly returned to the public purse via income tax and national insurance payments.
  • (8) The industry will pay a levy of £180m a year, or the equivalent of £10.50 a year on all household insurance policies.
  • (9) The author describes the utilization review process, utilization patterns, and service cost of the Mental Health Service of the Health Insurance Plan of Greater New York (HIP).
  • (10) The four most common types of insurance that protect your income are income protection insurance, critical illness cover, life insurance, and payment protection insurance.
  • (11) Whereas 87% of U.S. physicians supported private fee-for-service health care, 85% of Canadian physicians supported government-funded national health insurance.
  • (12) When I eventually get hold of a human at Uber, I am told the only insurance cover is up to $1m to cover “bodily injury or property damage to third parties where the claim arises out of UberEats and UberRush operations”.
  • (13) The use of accounting software expands the use of in-office computers to areas beyond professional billing and insurance form generation.
  • (14) In a 2013 Politifact interview , the author of the Urban Institute study, Stan Dorn, said: “It makes sense that as time goes by … health insurance coverage has greater impact on health outcomes.” The specific numbers might be hard to agree upon, and even harder to forecast if the Republican bill is passed.
  • (15) Requesting physicians explicitly identified "no money" or "no insurance" as the primary reason for transfer in 89 per cent of 164 cases in which these data were recorded.
  • (16) Relief on contributions, national insurance, tax-exempt lump sums and others amounts to a phenomenal £48.4bn a year.
  • (17) As part of the plan, the treasury and the Federal Deposit Insurance Corporation will guarantee against the "possibility of unusually large losses" on up to $306bn of risky loans and securities backed by commercial and residential mortgages.
  • (18) In March-May 1988, we collected data on enrollment of 1,445 Army families with grade school children in the Active Duty Dependents Dental Insurance Plan at two Army posts.
  • (19) The studies are conducted on members of a prepaid medical insurance plan, and reside in the Oakland area of California, USA.
  • (20) Insurance claims for medical services submitted on behalf of a group of workers in the construction industry were collected over a 20-month period.

Policy


Definition:

  • (n.) Civil polity.
  • (n.) The settled method by which the government and affairs of a nation are, or may be, administered; a system of public or official administration, as designed to promote the external or internal prosperity of a state.
  • (n.) The method by which any institution is administered; system of management; course.
  • (n.) Management or administration based on temporal or material interest, rather than on principles of equity or honor; hence, worldly wisdom; dexterity of management; cunning; stratagem.
  • (n.) Prudence or wisdom in the management of public and private affairs; wisdom; sagacity; wit.
  • (n.) Motive; object; inducement.
  • (v. t.) To regulate by laws; to reduce to order.
  • (n.) A ticket or warrant for money in the public funds.
  • (n.) The writing or instrument in which a contract of insurance is embodied; an instrument in writing containing the terms and conditions on which one party engages to indemnify another against loss arising from certain hazards, perils, or risks to which his person or property may be exposed. See Insurance.
  • (n.) A method of gambling by betting as to what numbers will be drawn in a lottery; as, to play policy.

Example Sentences:

  • (1) The recent rise in manufacturing has been welcomed by George Osborne as a sign that his economic policies are bearing fruit.
  • (2) National policy on the longer-term future of the services will not be known until the government publishes a national music plan later this term.
  • (3) A backbench policy advisory group will be established to develop ideas.
  • (4) However, as the same task confronts the Lib Dems, do we not now have a priceless opportunity to bring the two parties together to undertake a fundamental rethink of the way social democratic principles and policies can be made relevant to modern society.
  • (5) More research and a national policy to provide optimal nutrition for all pregnant women, including the adolescent, are needed.
  • (6) He said: "Monetary policy affects the exchange rate – which in turn can offset or reinforce our exposure to rising import prices.
  • (7) In a separate exclusive interview , Alexis Tsipras, the increasingly powerful 37-year-old Greek politician now regarded by many as holding the future of the euro in his hands, told the Guardian that he was determined "to stop the experiment" with austerity policies imposed by Germany.
  • (8) This is not for the most part revolutionary.” Trump has made some of his least ideological picks in the area of national security and foreign policy.
  • (9) Gove, who touched on no fewer than 11 policy areas, made his remarks in the annual Keith Joseph memorial lecture organised by the Centre for Policy Studies, the Thatcherite thinktank that was the intellectual powerhouse behind her government.
  • (10) Speaking to pro-market thinktank Reform, Milburn called for “more competition” and said the shadow health team were making a “fundamental political misjudgment” by attempting to roll back policies he had overseen.
  • (11) Problem definition, the first step in policy development, includes identifying the issues, discussing and framing the issues, analyzing data and resources, and deciding on a problem definition.
  • (12) The industry will pay a levy of £180m a year, or the equivalent of £10.50 a year on all household insurance policies.
  • (13) That means scrapping David Cameron’s unqualified teacher policy, which has produced a 16% increase in the number of unqualified teachers in our schools.
  • (14) The paper develops a model as a framework for monitoring the course of the program through the policy cycle and recommends that the policy process be considered as dynamic, interactive, and evolutionary.
  • (15) We have operated within the policy and regulatory framework set out by the Commonwealth government.
  • (16) Van Rompuy and Ashton got their jobs at the same time as a result of the Lisbon treaty, which created the posts of president of the European council and high representative for foreign and security policy.
  • (17) While there has been almost no political reform during their terms of office, there have been several ambitious steps forward in terms of environmental policy: anti-desertification campaigns; tree planting; an environmental transparency law; adoption of carbon targets; eco-services compensation; eco accounting; caps on water; lower economic growth targets; the 12th Five-Year Plan; debate and increased monitoring of PM2.5 [fine particulate matter] and huge investments in eco-cities, "clean car" manufacturing, public transport, energy-saving devices and renewable technology.
  • (18) He strongly welcomes the rise of the NGO movement, which combines with media coverage to produce the beginning of some "countervailing power" to the larger corporations and the traditional policies of first world governments.
  • (19) But it [Help to Buy] is the right policy instrument to deal with a specific problem."
  • (20) Further development of meta-analysis in such an expanded way may have an important impact on decision-making in clinical medicine, and in health policies.