Part 6Exempt income
Chapter 8Other annual payments
Health and employment insurance payments
739Conditions to be met by policies also providing other benefits
1
The conditions in this section only apply if the policy provides for the payment of benefits which do not all relate to the health or employment risk.
2
The conditions are that so far as the policy's terms relate to the health or employment risk—
a
they do not differ significantly from what they would have been if the only benefits had been those relating to that risk, and
b
the way in which they are given effect does not differ significantly from the way in which they would have been given effect in that case.
3
A difference relating only to the reduction of benefits payable to or in respect of a person because of other benefits being payable to or in respect of the person is to be ignored.
4
For the purposes of this section, all the persons for whose benefit the policy provides insurance against the health or employment risk are to be considered.