aiding Soldiers

Camp News, Volume 1, Issue 16, 29 March 1940, Page 5

aiding Soldiers

K . ■ .ssistance with Life ft. • Insurance I; ■ 4 " The principles which the Soldiers’ st lancial Assistance Board has been fflfected to observe in granting assisted toward the payment of life inlance premiums was explained by ere, Minister of Finance, the Hon. W. istlsh.

The Minister said that it had been decided to assist to a reasonable extent in the case of policies taken out immediately before or subsequent to the date of enlistment. Special circuimstances would always be taken into consideration and, subject to the prescribed conditions, each case would be treated as generously as possible upon its merits.

“I wish to make it clear,” said Mr. Nash, “that assistance for this or for any other purpose will always be granted by the board in accordance with the financial circumstances of the applicant, having regard to his ability to meet from his military pay and other resources commitments entered into.

“The principles which the board has been directed to observe provide also that in each case the commitment should be reasonable in relation to the applicant’s obligations and general circumstances. In connection with life insurance policies which have been taken out immediately prior or subsequent to the date of enlistment, it has been decided to assist in such cases to a reasonable extent.

“The provision of insurance is undoubtedly a sound policy, and the board has accordingly been authorised to consider applications for assistance in respect of new policies up to a maximum of £2OO of insurance cover. There is an important proviso that the financial circumstances of the soldier must be such that the measure of assistance through the medium of the Board is justified.

“The policy being followed is along the same lines as that adopted in 1916-18, when the Soldiers’ Financial Assistance Board considered the payment of insurance premiums on new policies up to a maximum cover of £200.”