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permanent health insurance

British  

noun

  1. a form of insurance that provides up to 75 per cent of a person's salary, until retirement, in case of prolonged illness or disability

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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IPT is a tax paid by UK insurance companies and brokers that sell insurance, though life insurance and permanent health insurance, among other things, are excluded.

From The Guardian

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

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