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Discover LudwigThe phrase "insurance plan" is correct and usable in written English.
It is often used when referring to a form of protection, usually involving premiums, that will cover some or all of the costs of potential losses. For example, "I'm considering purchasing an insurance plan to protect my car in the event of an accident."
Exact(56)
The Manitoba Auto Insurance Plan.
Dental Insurance Plan for Retirees?
Neither will a new public insurance plan.
They were part of his insurance plan.
It also operates a national insurance plan.
Ultimately, the university activated its evacuation insurance plan.
Pew asked about "a government health insurance plan".
Similar(4)
Then there's insurance-plan roulette.
Select Migration Insurance plan.
Health Insurance Plan.
SHIP is the Student Health Insurance Plan.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com