friendly society

(redirected from Friendly societies)
Also found in: Dictionary.
Related to Friendly societies: Registrar of Friendly Societies

friendly society

a business organization which is owned by its members. Friendly societies were the forerunners of many modern Insurance Companies and BUILDING SOCIETIES. See REGISTRAR OF FRIENDLY SOCIETIES, BUILDING SOCIETIES ACT, 1986.

friendly society

an association of individuals (members) who make regular voluntary contributions into a fund upon which they can draw in times of need or to provide themselves with houses. Friendly societies were the forerunners of the modern INSURANCE SOCIETIES and BUILDING SOCIETIES. See REGISTRAR OF FRIENDLY SOCIETIES, BUILDING SOCIETIES ACT 1986.
References in periodicals archive ?
By combining evidence from the 1891 census of England and Wales and the experience of friendly societies members in the years around 1891, Riley tackles the paradox of falling death rates and increasing sickness times which workingmen experienced after the turn of the century.
Today, people save with friendly societies because of their low premiums.
The only way ordinary people could protect themselves against illness, injury or death was by joining mutual friendly societies.
A There are a number of savings plans offered by Friendly Societies which may well be suitable for you.
50 a month in tax-free savings plans with friendly societies.
Around 47 per cent of people questioned said they though mutuals, such as building societies or friendly societies, gave better service and cared more about customers than other firms, according to Liverpool Victoria, the UK's largest friendly society.
I contacted the Association of British Insurers, who gave me an address for the Registrar of Friendly Societies but that letter was returned marked "gone away".
Friendly societies were set up during the 19th Century to provide low earners with means of savings for sickness and funerals.
83) He received a wage, rather than a salary, and faced concerns over labour organization, professional friendly societies, wages, pensions and disability and retirement compensation.
I chose the Homeowners plan as it has lower charges than the rest of the bonds offered by other Friendly Societies.
Savings options range from bonds with friendly societies to more risky investments in shares.
Around 47pc of people questioned said they though mutuals, such as building societies or friendly societies, gave better service and cared more about customers than other firms, according to Liverpool Victoria, the UK's largest friendly society.