swahili [noun]

Bima ya maisha

Maana (Definition)

A contract offering financial payout to designated beneficiaries upon the death of the insured.

Tafsiri ya Kiingereza (English):

life insurance policy / survivor benefit cover

Sheng / Standard Equivalent:

bima ya maisha

Asili na Utamaduni (Origin & Etymology): Swahili Financial Term

Mfano wa Sentensi (Example Sentence):

"Alikata bima ya maisha kwa ajili ya usalama wa familia yake."

Translation: He purchased a life insurance policy for his family's security.

Maneno Yanayohusiana (Related Terms):

Bima ya afya Chini ya ulinzi