Income payment protection insurance
Income Payment Protection Insurance - Jargon buster
In order to help your understanding of the often difficult to understand words and phrases contained within the income payment protection insurance area of britishinsurance.com, we have produced a jargon buster for your assistance:
Accident – This is assumed under income payment protection insurance from britishinsurance.com as an event that happens by chance and which cannot be expected. Other facts are available at Section 4.1 of the insurance document.
British Insurance - This is assumed under income payment protection insurance from britishinsurance.com as being the organisation who facilitates this insurance and provides any information that you reasonable require. Other facts are available at Section 4.2 of the insurance document.
Chronic Condition - This is assumed under income payment protection insurance from britishinsurance.com as a long-term incurable medical condition that is excluded under this policy. Other facts are available at Section 4.3 of the insurance document.
Condition - This is assumed under income payment protection insurance from britishinsurance.com as any medical condition that affects you. Other facts are available at Section 4.4 of the insurance document.
Contract worker - This is assumed under income payment protection insurance from britishinsurance.com as any individual who is employed under a fixed term contract. Other facts are available at Section 4.5 of the insurance document.
Control - This is assumed under income payment protection insurance from britishinsurance.com as the power of a person in relation to a company to influence its affairs. Other facts are available at Section 4.6 of the insurance document.
End date - This is assumed under income payment protection insurance from britishinsurance.com as the date that your cover ends. Other facts are available at Section 4.8 of the insurance document.
Employed - This is assumed under income payment protection insurance from britishinsurance.com as working for at least 16 hours per week. Other facts are available at Section 4.9 of the insurance document.
Exclusion period - This is assumed under income payment protection insurance from britishinsurance.com as the period of 120 days at the start of your policy during which you cannot claim for unemployment. Other facts are available at Section 4.10 of the insurance document.
Gross monthly income - This is assumed under income payment protection insurance from britishinsurance.com as your monthly earnings before tax. Other facts are available at Section 4.11 of the insurance document.
Incapacity - This is assumed under income payment protection insurance from britishinsurance.com as being unable to be employed or self-employed due to an accident, injury or sickness. Other facts are available at Section 4.13 of the insurance document.
Incident date - This is assumed under income payment protection insurance from britishinsurance.com as the date that your claim starts. Other facts are available at Section 4.14 of the insurance document.
Insured - This is assumed under income payment protection insurance from britishinsurance.com as you, the person covered by the policy. Other facts are available at Section 4.15 of the insurance document.
Misconduct - This is assumed under income payment protection insurance from britishinsurance.com as being dismissed because of theft, fraud or other wholly unacceptable behaviour. Other facts are available at Section 4.16 of the insurance document.
Monthly benefit - This is assumed under income payment protection insurance from britishinsurance.com as the monthly amount in respect of which you are insured. Other facts are available at Section 4.17 of the insurance document.
Payment in lieu of notice - This is assumed under income payment protection insurance from britishinsurance.com as a compromise, compensation or other payment that is made by your former employer. Other facts are available at Section 4.19 of the insurance document.
Permanently retired - This is assumed under income payment protection insurance from britishinsurance.com as giving up work with no intention of return. Other facts are available at Section 4.20 of the insurance document.
Pre-existing medical condtion - This is assumed under income payment protection insurance from britishinsurance.com as a medical condtion that existed prior to the inception of your policy that is excluded from cover. Other facts are available at Section 4.21 of the insurance document.
Premium - This is assumed under income payment protection insurance from britishinsurance.com as the monthly amount that you pay to Bankers Insurance Company Limited, the insurers. Other facts are available at Section 4.22 of the insurance document.
Self-employed - This is assumed under income payment protection insurance from britishinsurance.com as a person who is managing or carrying on a business. Other facts are available at Section 4.24 of the insurance document.
Start date - This is assumed under income payment protection insurance from britishinsurance.com as the date that your policy starts. Other facts are available at Section 4.25 of the insurance document.
Treatment - This is assumed under income payment protection insurance from britishinsurance.com as any medical attention or consultation that you have received. Other facts are available at Section 4.26 of the insurance document.
Unemployment - This is assumed under income payment protection insurance from britishinsurance.com as being without work as a consequence of circumstances beyond your control. Other facts are available at Section 4.28 of the insurance document.
We, Us, Our – This is assumed under income payment protection insurance from britishinsurance.com as being in permanent employment or self-employment. Other facts are available at Section 4.30 of the insurance document.
Work - This is assumed under income payment protection insurance from britishinsurance.com as being in permanent employment or self-employment. Other facts are available at Section 4.30 of the insurance document.
You, Your - This is assumed under income payment protection insurance from britishinsurance.com as being you the named person on the insurance schedule. Other facts are available at Section 4.31 of the insurance document.
