A milling insert, including an upperside, an underside, and a reference plane parallel thereto. A plurality of indexable cutting edges are formed along a peripheral borderline in transitions between at least the upperside and a number of clearance surfaces. Each cutting edge includes a chip-removing main edge and a surface-wiping secondary edge. The main edge, from a first end of the main edge adjacent to the secondary edge, declines toward the underside of the milling insert and then, from a lowest part, rises toward an opposite second end of the main edge. The secondary edge is inclined at an angle () in relation to the reference plane as viewed perpendicularly to the clearance surface of the secondary edge, such that a first end of the secondary edge connected to the main edge is situated on a lower level than the opposite, second end of the secondary edge.

A cutting insert includes: a polygonal shaped upper surface; a lower surface; a side surface connected to each of the upper and lower surfaces; and an upper cutting edge located at the intersection of the upper surface and the side surface. The upper surface alternately includes three major corners and three minor corners. The upper cutting edge includes: a corner cutting edge; a minor cutting edge inclined toward the lower surface as separating from the corner cutting edge at a first inclination angle; and a major cutting edge inclined toward the lower surface as separating from the minor cutting edge at a second inclination angle. The corner cutting edge, the minor cutting edge and the major cutting edge are located sequentially from a first major corner to each of first and second minor corners, both of which are adjacent to the first major corner.