Article image
Article image

a *'_s © ity .••• £' r r v v V 'T7 A V A V A ’*5 r -3s. 'sT -.N w Y T is now twenty-seven years since tlio Legislature of the Colony, actuate*.! hy a desire to secure to t ! e people of New Zealand the unquestioned invioiahilitv of Life [j* Assurance Polices hy means of a complete State Guarantee, passed with mark, d unanimity the Act estahlishing i his thmrishing institution. As time passed the Departs’* rnent grew with the growth of the people, and, notwithstanding keen rivalry and competition, its popularity has steadilv increased, and is still as steadily advancing. THE LIBERAL NATURE OF ITS TERMS-its low premiums, The absence of vexatious restrictions as to travel and re.-idence, its limitation of husdiess to New Zealand alone (the healthiest state in the world, as the low mortality proves), its Bonus Additions to the Policy Hums, which are especially large in view of the moderate character of its premium ra'es ; all these, coupled with the Parliamentary Pledge for Certainty of Payment of Claims, have combined to make the Department the S did attraction it. has become in the eyes of all classes of the community. 111111111111111 THIS iiimiiimnLiiiiiininiuniiiiiimiiiiiinmii uii.ii.ii 11 ii; -u_lj —lllllllllu ii.i.i iiiiiiiiiiii iiiiii ii ii m i .mini i.i iiii ii i iiiiiiii iiii ii ■ . , i~, , IS UNIQUE IN THE HISTORY OF MODERN STATES, Inasmuch as it forms tlu; only example of a (L.vernment proffering on broad and liberal lines the advantages the Ollice possesses for the benefit of the public at large, rich and poor alike. As has been justly said of the Department. livery person insured under its conditions rests absolutely and safely shielded, firmly assured that whatever may happen the full value of his policy is as certain to be paid when the claim accrues as that the sun shall iise in the morning.” iiiii ii 11 11 iii 11 1111 ill iii ii i iTnmTmTn it 11 iio ii i TTTTTrrrn X hi M y ■ aV'c* **' £MS5~i*. '*-&&-.& v v . W'v ’ ■»*'* . v ,c| •V'gtX'' •’ ■-r.ie 8? '-'A; k 6,. J LA- Tk .X&tmg'O , i- •: * -- - 'fa Z m.il l m L>.A.;-g„ ■ .. y. • AT * Ldy\y s, '* ! rT. . ’ y I;. y •. i •• . - . ri\- ■ ! H 0 • • - s ,‘-.w*'’* i :rsy_; A ly moyyyyyf gLay- ■.. y - • r: ga ..->&* r p; 'pi V S' • ' -•. ,_ r j -i f &. Ny PL..-' ;-;r e-r • r ;p ~ sa;.p l L-i 3r yL :-L • ' ■’ % ■. §T :- i S ; T THE PROGRESS AND PROSPERITY OH TI I K NE W ZEAL AN D lull ii: .1 [ Jot: g yyyyT.L L^.-"%-VS*k''’‘-v»d'SN “A’ HL- >_ - tJi f 'D * p :■. ■ ' f /•i • ! A ’M ’ ' TTywfT 'I } Pf.;7 -* Lz;i -i-f i a a D E P A R T .VI E N T Have lieen s*i.*!i u-. in a like perinil iif existence are l //s/f r/)(( ssrd bij (unj other Li fe I/rs/f ranee Ojj/ee irifhin fhe British i)on/in ions . fn T r rrrrt v irmnm tttttttttitte - m~nT'iTTrn~rrrrrrT~rrf; rr tttttttrm • iioi ZrCTsa, E7S3 jE. JLJ - The following figures will serve to show the advancement of the Department’s business from the earlier years to the present time : :e. ■, v V L L—. * .w vy yy| \/ \/ 5 ' The annual income from all sources now exceeds <£400,000. PROFITS AND REVERSIONARY BONUSES Profits are now divided among policy-holders eve-y tine.- years a method of division which is consider'd hy wise and cant ions Life Assurance experts as being, under the circumstances, more judicious and safer for the future tlu n any shorter int< rval of allocation, with its accompanying risks and uncertain vicissitudes. In allocating profits on claims which arise bcfoie i he completion of the triennial period, prospective bonuses are a Mowed, apportioned to the trine elapsed since the immediately preceding valuation. Tlie table below specifies tlio Surplus Profits heretofore divided, wit.h their ecjuiv;dents in Lever.uona.ry Bonuses added to the sums assured : AS J-N 'S Q'< <3Am ED fhe figures given fas a Competent authority lias affirmed) form a brilliant record of a twenty five years’ existence in a Sum’! Colony like New Zealand.'’ A Fifth Divisional Period Terminates with the Year IMow Closing and the n quisite computations are in course of pi ogress for making as early as possible in 1 S'JT a Filth Declaration and Allocation of Pr approaching conclusion. Finally, For Safety, Certainty and Liberal Conditions of Life Anna ranee [ion in the Southern 11 ernisphere til at can compare r cC::n tor the three years now ti: ere .at t /.o lv / aii.ee instili/ij THE ZEALAND GOVERNMENT LIFE INSURANCE DEPARTIEN m

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NZMAIL18961203.2.91.1

Bibliographic details

New Zealand Mail, 3 December 1896, Page 79

Word Count
753

Page 79 Advertisements Column 1 New Zealand Mail, 3 December 1896, Page 79

Page 79 Advertisements Column 1 New Zealand Mail, 3 December 1896, Page 79