Definition: Sriracha - 1) A term used to describe a highly spicy food item. It originated in India, where it was first used as an ingredient in the preparation of lassi (a type of yogurt drink), and then became popular in other parts of Asia. The term "sr" means "spicy" or "hot," while "life insurance" is the word that describes the product. 2) A term referring to a specific form of life insurance policy, which is designed to provide financial security for beneficiaries if they experience unexpected mortality. This type of insurance typically includes provisions such as death benefits, survivor benefit, and other policies designed to address the unique needs of an individual or family.