THOUGHTS FOR THE TIMES.
*«•- Life Insurance Competition. Labour criticism in Parliament is often reckless, but never perhaps has it been more so than in the discussion \esterday on the report of the Government Life Insurance Department. The reported statement by one member, that if the Department were administered hv a friendly Government, it would be possible to make sweeping reductions in the premiums and pay large bonuses, betrays an astonishing ignorance of life insurance business. The basis of tint business is actuarial calculation and confidence. Rates are based on these careful calculations and confidence is inspired in the premium prayer bv wise handling of moneys received. Without confidence in the institution, what is a policy worth? —Auckland Star.
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Hokitika Guardian, 9 August 1928, Page 2
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118THOUGHTS FOR THE TIMES. Hokitika Guardian, 9 August 1928, Page 2
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