A per diem can include part or all of the expenses incurred, for example it may exclude accommodation (for which reimbursement may be available on presentation of receipts) and only cover meals.Per diem is also used as an adjective and an adverb.April 2007). Per diem (Latin for per day or for each day) is a daily allowance for expensesâa specific amount of money an organization gives an individual, often an employee, per day to cover living expenses when traveling for work.
PPI usually only covers the loan or credit repayments for a limited period of time, typically twelve months. Many policies pay out in blocks of 30 days. This means that if you returned to work after 28 days, you wouldnât get a payment. There is usually a 30-day delay before you can make a claim.
The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses (such as funeral expenses) can also be included in the benefits. Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion.