An insured person.
"The assured received a payout after the ship was lost at sea under their marine insurance policy."
simple past tense and past participle of assure
"The manager assured every guest that their reservations were secure before closing the lobby for the night."
In plain English: To assure someone is to promise them that something will definitely happen or be true so they can feel confident about it.
"The manager assured us that our orders would arrive on time."
characterized by certainty or security
"a tiny but assured income"
"we can never have completely assured lives"
Guaranteed; secure.
"The contract provided an assured income for her retirement years."