1. a course or principle of action adopted or proposed by a government, party, business, or individual
2. a contract of insurance
Usage: insurance

Examples

• The company has a strict no-smoking policy.
• The government’s foreign policy focuses on diplomacy.
• Our school policy requires students to wear uniforms.
• She bought a life insurance policy last year.
• The store’s return policy allows exchanges within 30 days.
• The new environmental policy aims to reduce carbon emissions.
• His car insurance policy covers collision damage.