Policy conditions

These are similar to those of personal accident policies already described, apart from the following reservations:

Benefits are often only paid if your sickness is contracted in Europe, North America, Australia, New Zealand or South Africa including holidays in these countries. If you become ill in other countries, you may not be paid, any benefits. If you are ill in the first four weeks after taking out a policy, the insurance company will not usually pay any benefit. (This is to avoid abuse by ill people who quickly take out policies before a particular 'disease fully develops.) If you do have any disease when taking out your policy, you must tell your insurance company, who will probably issue you with a policy covering you for all other diseases.

If you are a woman you will have to pay at least 29 %, and usually 9o % more for your policy. This is because women are sick more often and away from work for longer periods than men. As with personal accident policies, no benefit will be payable for any illness resulting from pregnancy.

How much does it cost?

This will depend on your age, health and occupation. A sedentary professional person will pay about £60 a year for the combined personal accident and sickness insurance for the ' typical ' benefits above. Approximate premium for those with occupations in Classes 2, 6 and 4 are

L32, C32 and respectively.

378 Permanent health insurance

If your health= deteriorates, or if you have a number of accidents, you may find with a personal accident and sickness insurance that your insurance company refuses to renew your contract. As it is on a year-to-year basis, the company is entitled to do this since you will then become a greater risk. Sometimes your policy may only be renewed at a higher premium or with restricted cover. From the policyholder's point of view, this is most unsatisfactory. You may need your insurance most just at a time when it is cancelled.

Some insurance companies have overcome this drawback by offering policies which, for a considerably higher premium, cannot be cancelled until you reach an agreed terminal age however many claims you have, or however ill you become. This is known by a variety of names, such as permanent health insurance, non-cancellable accident and sickness insurance, continuous disability insurance, permanent accident and sickness insurance or income insurance.


Policy conditions

Payroll Giving
It’s all very easy to organise.
Just ask the Personnel or the Payroll Department at your company and, if they already have a scheme, they will give you the relevant forms.  HM Revenue & Customs’ website has a list of Payroll Giving agencies and explains payroll giving in more detail.

Salon Gold Insurance

Cheaper Insurance for Salons, Freelance Hair and Beauty, and Mobile Businesses - click here

read on: What the Government Provides - Benefits

These are similar to those of personal accident policies already described, apart from the following reservations:

Benefits are often only paid if your sickness is contracted in Europe, North America, Australia, New Zealand or South Africa including holidays in these countries. If you become ill in other countries, you may not be paid, any benefits. If you are ill in the first four weeks after taking out a policy, the insurance company will not usually pay any benefit. (This is to avoid abuse by ill people who quickly take out policies before a particular 'disease fully develops.) If you... see: What the Government Provides - Benefits