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National Provident NPI Life Insurance

NPI LIFE INSURANCE 

National Provident Institution (NPI) Insurance was founded in 1835. Over the next 100 years, the NPI evolved to become a popular provider of Uk life insurance and financial services provision.

In 1999 National Provident Life Limited (NPLL) was established, ready to take over the existing business of NPI subsequent to its demutualisation when the organisation was taken over by Australian financial giant AMP. In 2003, Pearl Insurance, NPI and London Life were de-merged from AMP to become part of a new UK company called HHG.

In 2004, the HHG board accepted an offer for Pearl, NPI and London Life. In 2005, the 3 companies became part of the newly formed Pearl Group Limited. Pearl's primary focus is to no longer seek new business but look after over £10 billion of assets in closed life funds on behalf of its 2 million policyholders. In 2008 Pearl Group Ltd acquired Resolution which includes administration of plans from Scottish Provident, Scottish Mutual, Phoenix, Royal Sun Alliance, Crusader Insurance, Swiss Life, Britannic Assurance, Cornhill & Alba Life formerly Britannia life. Pearl Group are owned by Sun Capital & TDR. At the end of 2008, Royal London acquired a range of businesses from Pearl that includes Scottish Provident.

Once the NPIInsurance was a major force in the mortgage protection market place but then slowly disappeared from selling protection as they as the mortgage market slowly moved from endowment to repayment mortgages. The old NPI Life UK products included personal & business protection cover, mortgage protection & term assurance
 
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Article on: NPI Life Insurance ~ for more information visit www.npi.co.uk *
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This website is intended for UK consumers & any information contained therein is for Generic Guidance only and is not to be construed as advice. For protection products we usually offer from a range of providers. For products with an investment element we will introduce you to an authorised adviser. We may also introduce you to other selected professional partners for other protection or legal products as deemed appropriate. Online Dispute Resolution (ODR) - https://webgate.ec.europa.eu/odr/main/index.cfm?event=main.home.chooseLanguage. Financial Ombudsman. http://www.financial-ombudsman.org.uk We nominate to fundraise for Great Ormond Street Hospital Charity.

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