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National Insurance |
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National InsuranceA 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.Similar MatchesUnemployment insuranceUnemployment insuranceAnother form of income protection, but one that does not cover any form of sickness, injury or disability. The purpose of this type of policy is to replace income lost through a short to medium term period of redundancy. It provides you with a monthly tax-free income to cover a portion of your lost earnings. It is often sold in conjunction with the accident, sickness and disability element of income protection policies, in which case it is known as Accident, Sickness and Unemployment (ASU). National Insurance (NI) Basic PensionNational Insurance (NI) Basic PensionThe basic state pension funded by a person's National Insurance Contributions over his working life and part of the National Insurance Pension. The rate at which the basic pension is paid is dependent on the person's National Insurance contributions record over his working life. Named perils insuranceNamed perils insuranceAn insurance policy that names specific risks covered by the policy. First death insuranceFirst death insuranceA joint-life insurance policy which pays money to a surviving partner on the first partner's death. Endowment insuranceEndowment insuranceA cash value life insurance policy with a fixed term. Premiums are applied to give life insurance cover for the face amount and at the end of the term the cash value will equate to the face amount and be payable. Further SuggestionsSocial Security Disability Income InsurancePrivate Mortgage Insurance (PMI) Insurance claim Foreign Credit Insurance Association (FCIA) Bank Insurance Fund (BIF) insurance premium Marine Cargo Insurance Keyman Insurance Payment protection insurance Disability income insurance insurance policy Mortgage Life Insurance variable life insurance Federal Deposit Insurance Corporation (FDIC) Title insurance non participating life insurance policy Export credit insurance comprehensive insurance Single premium life insurance Savings Association Insurance Fund (SAIF) disability income insurance Conditional insurance Deposit insurance long term care insurance loss of income insurance |
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