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The National Insurance Act Part I provided for a National Insurance scheme with provision of medical benefits. All workers who earned under £160 a year had to pay 4 pence a week to the scheme; the employer paid 3 pence, and general taxation paid 2 pence (Lloyd George called it the "ninepence for fourpence"). Under the Act, workers could take ...
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A British 1948 National Insurance stamp, once used to collect contributions to the scheme. National insurance contributions (NICs) fall into a number of classes. Class 1, 2 and 3 NICs paid are credited to an individual's NI account, which determines eligibility for certain benefits - including the state pension.
English: An Act to consolidate the National Insurance Acts 1946 to 1964, certain provisions made by statutory instrument thereunder, and certain related enactments. Publication date 5 August 1965
The National Insurance Act 1911 gave the British working classes the first contributory system of insurance against illness and unemployment. [ 63 ] All workers who earned under £160 a year had to pay 4 pence a week to the scheme; the employer paid 3 pence, and general taxation paid 2 pence.
By 1945, roughly 33% of all children ate at school compared with just 3.3% (one in thirty) in 1940, while those taking milk increased from about 50% to roughly 75%. In 1940, a national milk scheme was launched, which provided a pint of milk at about half price for all children under the age of five, and for expectant or nursing mothers.
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National Insurance Company Limited was incorporated on 5 December 1906 with its registered office in Kolkata.Consequent to passing of the General Insurance Business Nationalisation Act in 1972, 21 Foreign and 11 Indian Companies were merged with it and National became a subsidiary of General Insurance Corporation of India (GIC) which is fully owned by the Government of India.