IPTM3535 - Chargeable events: calculating
gains: death, maturity or full surrender: disregard of trivial
A benefit other than a payment of money is ignored as a benefit
- it is provided by the insurer as an
inducement to buy a policy or contract, or to enter into a later
transaction related to a policy or contract, and
- the total cost to the insurer of providing
the benefit and any other such benefits at any time in connection
with the policy or contract, or any contract linked with it, does
not exceed £30.
One policy or contract is linked with another if their terms are
substantially identical and the making of one is in contemplation
when making the other.