What is the Spanish word for 'insurance'?

The Spanish word for 'insurance' is "seguro." This term is widely recognized and used in various contexts related to financial protection or coverage against potential risks or losses.

To elaborate, "seguro" can refer to different types of insurance, such as health insurance (seguro médico), car insurance (seguro de automóvil), or life insurance (seguro de vida). In European and Latin American countries, the concept of insurance is crucial for managing risks, and "seguro" plays a central role in that discussion.

The other terms may appear related but represent different concepts. "Pago" translates to 'payment,' which is a part of insurance transactions but does not capture the entire concept of the insurance itself. "Reembolso" means 'refund,' referring to the return of money, typically in the context of claims within an insurance framework. Lastly, "contrato" translates to 'contract,' which could be part of the insurance process, as insurance is often defined by contractual agreements. However, none of these alternatives accurately convey the specific meaning of 'insurance,' which is precisely defined by "seguro."