What does "policyholder" mean?

The party to an insurance contract who owns the policy and thus transfers a risk to an insurer (i.e., pays the insurer to take the risk).

What is a synonym for "policyholder"?

Common synonyms include: assured, contract holder, insured, insureds, mortgagee, owner of policy.

noun

noun ·5 syllables ·Rare ·Advanced level

Noun

1
The party to an insurance contract who owns the policy and thus transfers a risk to an insurer (i.e., pays the insurer to take the risk).
2
a person who holds an insurance policy; usually, the client in whose name an insurance policy is written wordnet

"The insurer will indemnify the policyholder against loss of or damage to the motor car."

From policy + holder.