Industrial Insurance - Whole of life and endowment insurance with relatively low value (under £1000 sum assured). Historically, the premiums were collected by an insurance company agent at the policyholder"s home. However, these may now be paid by monthly bank transfer. The legislation governing this type of insurance is less formal than for "ordinary branch" and if an insurance company transacts both types of business it is required to keep them segregated.
Industrial Insurance : whole of life and endowment insurance with relatively low value (under £1000 sum assured). historically, the premiums were collected by an insurance company agent at the policyholder"s home. however, these may now be paid by monthly bank transfer. the legislation governing this type of insurance is less formal than for "ordinary branch" and if an insurance company transacts both types of business it is required to keep them segregated.
Industrial Insurance