Have a look at the VIDEO below:

Well, accidents can happen at any time or any place. What offers protection against these Accidents?
Insurance is one method to save oneself. This benefit or we should rather say protection that insurance offers is Indemnity.

The dictionary definitions for Indemnity are as follows:
1. Protection or security against damage or loss. (noun)
2. Compensation for damage or loss sustained. (noun)

Usage Examples for Indemnity:
1. The indemnity amount that was paid to the accident victim amounted only to 3000$.
2. The government has offered an indemnity amount to all the victims of the flood.

Want to explore more Words?

Explore Our Visual Vocab Section

Get Posts Like This Sent to your Email
Updates for Free Live sessions and offers are sent on mail. Don't worry: we do not send too many emails..:)
Get Posts Like This Sent to your Email
Updates for Free Live sessions and offers are sent on mail. Don't worry: we do not send too many emails..:)



Join Our Newsletter
Get the latest updates from our side, including offers and free live updates, on email.
Join Our Newsletter
Leverage agile frameworks to provide a robust synopsis for high level overviews.
Join our Free TELEGRAM GROUP for exclusive content and updates
Join our Free TELEGRAM GROUP for exclusive content and updates

Pin It on Pinterest