1Money paid by an insurance company under an insurance contract when an insured event (accident, loss, etc.) occurs; an insurance payout.
事故でけがをしたので、保険会社から保険金が支払われた。
Because I was injured in the accident, the insurance company paid out the insurance money.
火災で家が焼けたが、保険金で再建費用をまかなった。
Although the house burned in a fire, the reconstruction costs were covered by the insurance payout.
その保険は契約時に保険金の受取人を指定する必要がある。
That insurance requires specifying the beneficiary who will receive the insurance money when contracting.