n. A person who holds an insurance policy, especially the person whose life is insured
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. a person who holds an insurance policy; usually, the client in whose name an insurance policy is written
Word Usage
"The manner in which insurers are able to provide adequate security to the policyholder is to create a capital base by "spreading the risk" of losses among several policyholders."