退保 Traditional form: 退保 Pinyin (reading): tuìbǎo Definitions: to lapse (or terminate) an insurance Characters: 退 - to retreat, to step back, to withdraw 保 - to safeguard, to protect, to defend, to care for Traditional characters: 退 - to retreat, to step back, to withdraw 保 - to safeguard, to protect, to defend, to care for