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Alteration of earlier police from middle french certificate from old italian polizza modification of medieval latin apodixa receipt from middle greek apodeixis from greek proof from apodeiknynai to demonstrate more at apodictic. 1 a plan or course of action as of a government political party or business intended to influence and determine decisions actions and other matters american foreign policy the companys personnel policy. Policy definition a definite course of action adopted for the sake of expediency facility etc we have a new company policy see more. Policy definition 1 a set of ideas or a plan of what to do in particular situations that has been agreed to officially by a group of people a business organization a government or a political party 2 a document showing an agreement you have made with an insurance company 3 a set of ideas. When choosing a life insurance policy two of the main types of plans available are term life insurance and whole life insurance there are major differences between the two types of policies and this article will assist you with making the choice