1 2 3 4 5 7 8 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
D- D. Da Dc Dd De Dh Di Dm Dn Do Dr Ds Du Dw Dx Dy
Dia Dic Die Dif Dig Dil Dim Din Dip Dir Dis Div

Discretionary approval

ICTA 1988, s.591, allows occupational pension schemes to offer a wider range of benefits than those available under schemes entitled to mandatory approval under s.590. Discretionary approval permits enhanced pensions, higher accrual rates, higher life cover and enhanced retirement cash. IR Practice Note 12 sets out detailed rules.

Discretionary benefits

Benefits that the trustees of a final salary scheme can grant to enhance a member’s retirement subject to IR maximum limits. The employer could ask the trustees to enhance a member’s retirement benefit on early retirement, redundancy, ill health or death in service benefits, or escalate the pension at a rate above LPI. The trustees can use their discretion to award a lump sum benefit on death to any individual, not necessarily the person nominated by the member.

Discretionary scheme

Occupational pension scheme where membership is by employer invitation only and where the benefits and contributions may vary from one member to another. Although discretionary, there must be equal access and no discrimination in terms of benefits on grounds of race, religion, sex or disability.

Discretionary trust policies

An approach to partnership insurance to minimise the number of policies necessitated under individual trust policy arrangements. Each partner effects one policy on his own life under a discretionary trust in favour of the other partners who are normally the trustees in whom the proceeds are vested. When a claim arises they are then able to apportion the proceeds among themselves to repay the deceased or retiring partner’s share of the business.

Discrimination

Refusal of an insurer to provide comparable insurance or use comparable rates for certain individuals or groups with basic characteristics the same as those to whom the coverage or rates are offered. Unfair discrimination is prohibited by law.
***
Prohibited by law, discrimination is the refusal to insure certain people who have the same characteristics as others who have been insured.

Disease

Term whose Insurance usages are more limited and specific than in general English. In an Insurance Policy a “disease” often is either any one of a specified list of pathological conditions or any illness which requires hospitalization.

Disease management

Coordinated program that follows specific diseases or conditions and their treatments and introduces treatment to get the best outcome, prevent recurrence, and reduce the cost of care. Such programs exist for individuals who have asthma, diabetes, depression, and lipid disorders. Pharmaceutical companies work with physicians who maintain databases of drugs used to treat these diseases and conditions. Sometimes called disease state management, outcomes management, population-based care, population-based care management , or care mapping .