insured
n. countable C1 Advanced US //ˌɪnˈʃʊɹd// UK //ɪnʃˈɔːd// in·sured
n. the person or company that is protected by an insurance policy. If something bad happens, this is the person who gets the money from the insurance company.
n. the party whose life or property is covered by an insurance policy. Refers to the person or entity entitled to compensation or benefits under the terms of the contract.
The insured must pay a small fee every month.
After the fire, the insurance company sent an adjuster to meet with the insured and assess the damage.
The policy clearly states that the insured is responsible for notifying the provider of any material changes to the property's use within thirty days.
Usage
Often used as a collective noun ('the insured') to refer to a group of policyholders.