An indexable milling cutting insert includes an opposed outside and inside, a periphery, and a plurality of homologous and alternately individually usable cutting edges, which are equidistantly spaced apart from a center axis, which extends between the outside and inside. The cutting insert includes a plurality of countersunk chip channels, which are delimited by bottoms and tangentially spaced-apart ridges, which individually include a cutting edge formed between a chip surface included in a first chip channel, and a clearance surface, which borders on a second chip channel.

An indexable milling cutting insert includes an opposed outside and inside, a periphery, and a plurality of homologous and alternately individually usable cutting edges, which are equidistantly spaced apart from a centre axis, which extends between the outside and inside. The cutting insert includes a plurality of countersunk chip channels, which are delimited by bottoms and tangentially spaced-apart ridges, which individually include a cutting edge formed between a chip surface included in a first chip channel, and a clearance surface, which borders on a second chip channel.

A milling tool includes a body which is rotatable about a first axis. At least one cutting tooth mounted on the body having a cutting edge for cutting about the first axis. A wiper tooth extends from the mill body. The wiper tooth includes at least at a portion having a peripheral surface about the second axis and the peripheral surface intersects a face surface defining a cutting edge that is round about the second axis for cutting about the first axis. In some embodiments, the peripheral surface, the face surface and the cutting edge are formed on an insert that is mounted the mill body.

There is provided a machining assembly and cutting insert for machining metal or like workpieces, wherein the cutting insert body has a cutting end. The cutting end comprises at least one cutting edge and at least one cutting lip formed adjacent the at least one cutting edge. The at least one cutting lip includes at least one cutting protrusion and associated chip cutting edge to split the chip formed by the at least one cutting edge, for producing chips during machining which are of a width that is sufficiently reduced to allow proper evacuation or removal.