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 /ˈpɑː.lə.siˌhoʊl.dɚ/

Noun

1.

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.
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