Common errors 4: Assurance vs. Insurance

assurance: the technical term given for insurance against a certainty (e.g. death) where payment is guaranteed 보증
(If you give someone an assurance that something is true or will happen, it is definitely true or will definitely happen, in order to make them feel less worried.)

insurance: the technical term given for insurance against a risk (such as fire, burglary, illness) where payment is made only if the risk materialises. 보험