A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Mortgage Protection Insurance Jargon Buster
P
POLICY SCHEDULE
The document which details the cover we will provide you under these
terms and conditions.
POLICE - Eligibility for Accident & Sickness
Some Public Sector workers, such as Police, have an employment package
that will pay (in the event of accident or sickness) 6 months full salary
followed by a period of half salary. Your eligibility to claim you full benefit may be affected. Please see Public Sector Workers for a full explanation.
PROBATIONARY PERIOD how it affects your benefit payments
You will not receive unemployment benefit if your dismissal is due to
the inability to pass a probationary period
PRE-EXISTING MEDICAL CONDITION
This is a physical or mental condition whether diagnosed or not, which
you knew about or in our reasonable opinion should have known about,
or for which you received treatment prior to the start date.
You are not covered for pre-existing medical conditions that may cause you to claim for accident & sickness benefits. We may still insure you but we will not pay benefits directly relating to any claim which we consider you were aware of before the start date.
However you may be entitled to benefit if for 2 years before you became unable to work, you have been free of the symptoms, have not consulted a doctor about the condition or received treatment for it.
PREMIUM
The amount you must pay every month for cover under this mortgage protection
insurance policy as documented on your Policy Schedule.
If you are in receipt of monthly benefits under this policy, you must
continue to pay the premium as it falls due in order to
ensure continuous cover under this certificate.
PUBLIC SECTOR WORKERS
Public Service workers (and some other workers), can receive full pay for a period followed by half pay for a similar period while off sick. If for example you receive full pay for 6 months and half pay for the next 6 months, your insurance claim period starts at the beginning of the second period.
Once you are in receipt of half or less than your usual salary claims for accident or sickness can be made in full, provided the reduced salary includes Statutory Sick Pay or Incapacity Benefit.
PERMANENT RESIDENT
If you are not a natural UK citizen you must have received a "permanent leave to remain" from your embassy.