Meaning of the word policyholder in English

What does policyholder mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

policyholder

US /ˈpɑː.lə.siˌhoʊl.dɚ/
UK /ˈpɒl.ə.siˌhoəʊl.dər/

Noun

a person who owns insurance for a car, home, etc.:

Example:
Each of the company's 12 million policyholders will see premium increases of about six per cent.