LIFE ASSURANCE YEAR

Waikato Times, Volume 129, Issue 21601, 11 December 1941, Page 7

LIFE ASSURANCE YEAR

TEMPERANCE AND GENERAL New business completed in the ordinary depwrtineni comprised 2&.09& policies, assuring £8,361, ioB, aud £J9,:jGS os Oil per annum or annuities, ana in the industrial department l a 1,140 policies, assuring <£o, 165,87 u. In both departments l3v,;n policies, assuring it 4.82 7,3 3s were issued, snates the annual report or the Australasian Temperance and General Mutual Life Assurance society’. Limited. In the accident department 10,050 personal accident a«id sickness policies, assuring £ 1,202,99 1, were issued during t*ie year, and in addition accident bcneills assuring £3,1*09,1 it were added to 25,393 ordinary ami Industrial policies. The premium income amounted to £5,230,603 and ihe interest income to •£ t ,061.552, making a total of £0,795,205, an increase or £320,371 over Hie previous year's total. Payments to policyholders amounted to £2,97 0.7 10 as compared with £2,851,64 2 for the previous year. The funds have increased by £2.163.74 1 to £35,87 1,767, roinprMng £ I 9,25 0.57 2 ill the ordinary department, n0.i23.09*. in the industrial department, and £108,01*9 in the accident department. The Interest rale ror the year on the mean fund- was £4 9s lid per cent, which Is considered a very satisfactory return considering the prevailing low rates or interest on new Investments Asset- amount to £37,037,812. The Hoard ha? continued Its policy or contributing to the various Government war loan Issues.