Industrial life assurance - An assurance policy on the life of an individual where weekly or monthly premiums are regularly paid to the assurance company by way of their agent who collects directly from the policyholder"s home. This method of collection originated in industrial areas as a means of saving for a future lump sum or protection against industrial accidents etc. This type of assurance is now virtually extinct.
Industrial life assurance : an assurance policy on the life of an individual where weekly or monthly premiums are regularly paid to the assurance company by way of their agent who collects directly from the policyholder"s home. this method of collection originated in industrial areas as a means of saving for a future lump sum or protection against industrial accidents etc. this type of assurance is now virtually extinct.
Industrial life assurance