insurance policy
US /ɪnˈʃʊr.əns ˌpɑːl.ə.si/
UK /ɪnˈʃʊr.əns ˌpɑːl.ə.si/

1.
a document detailing the terms and conditions of an insurance contract
:
•
Make sure you read your insurance policy carefully before signing.
•
The company offers various types of insurance policies.