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The National Amalgamated Approved Society was formed in 1912, under the provision of the 1911 National Insurance Act by which industrial assurance companies or friendly societies could set up an "approved society" to administer statutory benefits. The National Amalgamated Approved Society was a joint venture between a number of Offices: Albion Friendly Society, Britannia Assurance Company Limited, British Legal and United Provident Assurance Company Limited, London and Manchester Industrial Assurance Company Limited, City Life Assurance Company Limited, Hearts of Oak Life and General Assurance Company Limited, Pearl Assurance Company Limited, Pioneer Life Assurance Company Limited, Refuge Assurance Company Limited, and Royal London Mutual Insurance Society Limited. Each Office was represented on the Committee of Management.
The Society ceased to exist in 1948 under the terms of the 1946 National Insurance Act which abolished approved societies. The Society had offices at 30, Euston Square, NW1.