Page:The Cyclopedia of India (Specimen Issue).pdf/142

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It should be mentioned that the rates oi premium charged by the Standard ior residence in lndta are based entirely on that Company's own experience oi the incidence of nlizrtality amoggt mum it; t coon. tot 0 time the‘rgtandar? has transacted business in India. and tin-magnitude oi its operations. the Company has been enabled to compile very reliable mortality statistics. and the Actuarial ofession is indebted to the late an?" oi the Standard. Mr. Spencer . n. for an important pa on the subject. which was contributed by him in

April 1903 to the Tasmanian J

Ill: Rally of Attaches. This paper contained information at a kind long dcsiderated by Actuaries. and the data therein. i.e.. the mortality experience oi the Standard. will no doubt he iound at great assistance to iuture investigators on the sub- iect oi lndian mortality.

In addition to its large and con. stnntly in Home and lndian business. the Standard ﬂourishes in nearly every part of the British Dominions. as well as in many forei n countries. Branches and Agen es are established in China. Ceylon. Mauritius. the Straits Settle- merits. Canada. South Airica. Egypt. West Indies. Hungary. ipaln.ﬁDenma¢rlltbhomy. Sweden.

rgen na an ruguay. n tact. it may be said that the Standard LiieAssunnceComﬁn‘awhilemain- taining its position front rank of Lite Assurance Companies in the United Kingdom. hasdeveloped oi late years into the most i. tariff all the British Olliecs. ‘ e regress 0 none 0

the Stallidard is exhibited in the iollowing table. which shows the amount 0! New Business carried through during each oi the last ten

quinquennial periods :-

vuu. Ngmhsrd] Newma- l

tsp-i=3 a.“ 1 .6 is so “in .5. 5 thin to: this . ,3 ﬁnish

13 5-: 9.409 6.: we rage-tails ".935 6.73.360 18854890 1 1 6.98.395
 * m:m 19.03? $996.33:

I I

THE CYCLOPEDIA OF lNDIA.

The progress since 1900 has been lon yar- ' “years rt tact t - ' existence the Stggdard ﬁe) witnessed many andvaried changes in the world oi IJie Assurance. New Companies have been formed irom time to time. have startled the world with a eat ﬂourish oi trumpets. and ram inherent unsoundness or other causes have in more at time been wound up or otherwise ceased to exist. Other Companies have, for various reasons. merged their bust. aces and become absorbed in larger and more pros institutions: and it may he of interest to give a list oi Lite Assurance Companies whose business and connections have been taken am by the Standard :—

Dasset "m" ins-h u.- .r on... ‘53? to m “- Commercial (No. It star the York I: North at .. IS}. IS“ (dreaml- anlr b ) Hitters!   my» use. Victoria   :st use: Case-add (No. rt. tho I la. in; also In Coin-acid ... m2 tiles C natal stuml ... tits on: Woo A Provincial is” use;

One of the {salami thehmagced rit ’o y as n t’ge‘ml‘i‘hetdl dist.ril>utii‘;r.iu oi Proﬁts amo t the Policy-holders. Proﬁts are every ﬁve years and already (at November row) over Seven ﬂillions Sterling have been added to the Policies in this way. the sum originally assured by the older Policies having in some instances been increased by upwards oi 100 per cent. Fiiteen quinquennial divisions oi Proﬁts have already been made. the last including in its scope Policies in existence at r5th Rovember 1905. ‘l'heStandardhasalsoingntiated itseli with the assuri public by reason oi the veryI li conditions attached to t e Policies tsued by the Compmy and the constant adoption by the Directors of all ' is and facilities luring 03::le ‘ o‘eriirliA-f lapsed - terms for re ‘ o Policies, prompt settlement of claims, liberal surrender and loan

values are among the may induce- ments held out by the Standard to all who contemplate effecting Assurances with that Ofﬁce.

The last giuhlished Annual Re-

rt oi the tandard—that for the

tnancial Year ending 15th Novem- ber toes—revealed the following excellent results oi the year's oper- ations :—

Amoeat Proposed ior Amr-

aaee timing the year [6.497 «weed 2:32;: Anon! Premiums on New Am Indian ' “"4”

cat...“ ‘in 031.513? Pf?“ "mm I l s s . 6 Claims under Emails:an 7 s s. soreness natured during the

Assurance (exclusive t '09, '6, album Additions) ... [83.55.65 ‘The Annual Revenue was 1.43:.234. and the Accumulated ands amounted at the end of ‘the year to grr.3zo.875. bein an in- crease during the war at £06,558. The resionsihility oi safeguard- ing such a logo sum as the Standard Accumulated Funds amount to. and investing it in such manner as to combine absolute safety with a remunerative rate of interest. is. it may well be imagined. no light one. and the iact that the Directors oi the Company haw: for more years post succeeded in realising an annual rate oi interest oi well over iour per cent testiﬁes to the skilful way in which the Company‘s ﬁnances are managed. It may he mentioned that the area oi investment and the classes oi security in which the funds may he placed have been extended oi late years under the provisions oi the Company's Acts oi Parliament. and this oi course calls for more frequent revision than iormerly oi the individual investments—a circumstance the Directors have been careitll to provide ior. The Standards lndnn. Colonial and Foreign connections give very iavoorahle opportunities of securing safe invatnients in some countries abroad where the conditions are [avourahleand oi such the Directors consider it right and proper to take admtagge exogenous arise. -tan possesses in Cal- cutta a handsome pile of buildings erected in r895 from the designs