HC Deb 04 February 1994 vol 236 cc990-1W
Mrs. Beckett

To ask the Chancellor of the Exchequer whether insurance premium tax will apply to(a) private medical insurance, (b) insurance against redundancy, (c) permanent health insurance contracts of less than five years duration and (d) insurance against negative equity.

Sir John Cope

Private medical insurance, insurance against redundancy and insurance against negative equity are all forms of general insurance and, as such, will be liable to insurance premium tax. Premiums in respect of long term insurance as defined in the Insurance Companies Act 1982, including permanent health insurance for not less than five years or until retirement, will be exempt.

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