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 or group in whose name an insurance policy is held

Example:
As a policyholder, you have certain rights and responsibilities.
The insurance company sent a notice to all its policyholders.