Credit insurance


 

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Credit insurance

Insurance against abnormal losses due to unpaid accounts receivable.

Credit insurance

Insurance which covers the monthly payments on an outstanding debt for a fixed period, in the event of illness or unemployment.



Similar Matches

Mortgage life insurance

Mortgage life insurance

A life insurance policy which pays off the outstanding balance of a mortgage in the event of the death of the insured.


Interest sensitive insurance policy

Interest sensitive insurance policy

A cash value life insurance policy whose insurance dividend rates vary with respect to inflation, enabling the policyholder to avoid the loss of purchasing power associated with inflation.


Holiday insurance

Holiday insurance

A policy which covers the insured and usually his/her family for the duration of their holiday. Items covered normally include travel delays, unavoidable cancellation, baggage loss and damage, loss of personal items including cash and credit cards, personal accident and medical expenses abroad etc.


National Insurance

National Insurance

A form of taxation, payable by employees, employers and the self employed, which is notionally to fund state benefits including pensions, sickness, unemployment and maternity. It is part of the state's social security system and ultimately controlled by the Department of Social Security.


Insurance premium

Insurance premium

The amount payable by the insured in return for indemnification against specified risks.


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