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I gather this Q is regarding some country other than US and the majors? None of what is being asked could possibly be applicable, even make any sense, to the systems in those countries.

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14y ago
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Q: If you have taken out an insurance policy against redundancy and claiming working and child tax credits are your payments affected?
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Would redundancy insurance be good for a young family?

"Redundancy insurance would not be good for a young family as they are better able to find employment and work for their earnings as to that of elder families. This insurance covers payments for loans, credit cards or mortgages when you�۪re unable to do so as a result of accident, sickness or unemployment."


What is meant by the term redundancy pay?

Redundancy pay is similar to unemployment pay in the United States; it is payments to a former employee usually from the governement to help someone who had lost their job.


Do you have to declare monthly payments from income protection insurance to employment support office -can you claim?

The job centre may take any benefit that you receive from this kind of insurance into account when claiming job-seekers allowance. You need to check with the job centre as it depends on personal circumstances.


Do Mortgage insurance premiums payments have be escrowed by the lender?

Yes, Mortgage Insurance Premiums Payments do have to be es-crowed by the lender.


Can an unlicensed insurance staff accept payments?

no only licensenced staff can accepted payments


Periodic payments for an insurance policy?

annuity


Do you pay taxes on house insurance claim?

income taxes ? no insurance payments are exempt


Are insurance payments for loss of income taxable?

because it is....


If you own your car or house and are no longer making payments should you still have insurance on them?

If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.


Which insurance companies offer life insurance that has inexpensive term payments?

Many insurance companies offer life insurance involving inexpensive term payments. Some of these companies include Progressive, United Health Care and Child Health Plus.


What is the journal entry for payments of insurance premium?

debit insurance premium expensecredit cash / bank


What is SAP FSCD?

SAP FS-CD is a component of SAP for insurance. It provides features to carry out common insurance tasks such as handling payments, processing of incoming payments etc.