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Holiday insurance |
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Holiday insuranceA 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.Similar MatchesNon participating life insurance policyNon participating life insurance policyLife insurance which does not participate in the profits of the insurance fund. Insurance settlementInsurance settlementThe payment of proceeds by an insurance company to the insured to settle an insurance claim within the guidelines stipulated in the insurance policy. War Risk InsuranceWar Risk InsuranceSeparate insurance coverage against loss or damage due to acts of war (including objects left over from previous wars). Insurance premiumInsurance premiumPayments calculated by the insurance company based on risk factors that must be made by the insured to guarantee protection of property loss under an insurance policy. Permanent health insurance (PHI)Permanent health insurance (PHI)In return for regular premiums, PHI provides an income in the event of the policy holder contracting a long term illness or injury. There is no payment on death.Benefits are paid usually after a waiting period of several months or even a year known as the deferment period. During the deferment period the employer will often pay the employee's salary.The benefit payable will normally be no greater than 75% of earnings in the year preceding the disability and usually continue to retirement age. This is to encourage people to return to work in the event of partial or full recovery.If a claim becomes payable, the policy holder will receive payment free of tax during the year the disability occurs. This also applies for the subsequent tax year (6th April to 5th April). Further SuggestionsPayment protection insuranceReinsurance National Insurance Pension (State Pension) Insurance Insurance dividend Liability insurance Unemployment insurance Conditional insurance sickness insurance uninsured motorist insurance Coinsurance legal expenses insurance accident insurance Insurance excess Title insurance Municipal bond insurance Social Security Disability Income Insurance National Insurance Private Medical Insurance Multiple peril insurance loss of income insurance Financial guarantee insurance personal accident and sickness insurance Named perils insurance Federal Deposit Insurance Corporation (FDIC) |
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