Difference Between Insurance & Assurance

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Though the terms "insurance" and "assurance" sound somewhat similar, they have different meanings. One deals with protection and one deals with certainty.

Definition of Insurance

  • "Insurance" is a noun that means a way of guaranteeing the protection of an item or person, or a guarantee against loss or damage. The term "insurance" also refers to the premiums paid for this protection---health insurance or car insurance, for example.

Definition of Assurance

  • "Assurance" deals with "inspiring confidence" or making someone feel certain and comfortable with a decision. Also, it means the absence of doubt.

Synonyms & Antonyms of Insurance

  • Synonyms for insurance include protection, coverage, guarantee and support. Antonyms include loss and deprivation.

Synonyms & Antonyms of Assurance

  • Synonyms for assurance are affirmation, faith and promise. Antonyms include distrust and doubt.

Word Origins & History

  • "Insurance" dates back to 1651 and comes from the Middle English word "insuren." The term "assurance" comes from the Middle English word "assuren" from the 14th century.

References

  • Insurance, Webster's Third New International Dictionary Unabridged
  • Assurance, Webster's Third New International Dictionary Unabridged
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