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permanent health insurance

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.

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