Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1899-1900

Scottish Provident
Institution
INSTITUTED 1837.
In this Society are combined the advantages of
Mutual Assurance with Moderate Premiums.
THE PREMIUMS are so moderate that an Assurance of £1200 or
£1250 may generally be secured from the first for the yearly payment
which usually would assure (with Profits) £1000 only— equivalent to an
immediate and certain Bonus of 20 to 25 per cent.
THE WHOLE SURPLUS goes to the Policy-holders, on a system at once safe
and equitable, — no share being given to those by whose early death there is a
loss to the common fund.
EXAMPLES OF
PREMIUMS FOR £100 AT DEATH— WITH PROFITS.
,^GE
25
30*
35
40
£2 14 9
3 4 6
4 5 8
45
50
55
During Life
25 Payments
15 Payments
£1 18
2 10 2
3 8 5
£2 16
2 13
3 12 1
£2 6 10
2 17 9
3 18
£S 5 9
3 14
4 16 2
£4 17
4 8 7
5 11 8
£5 1 11
5 6 11
6 9 11
i
* A person of 30 nun_\ secuic £1000 at deaih by a yearly payment, during- life, of £20, ISs., which would
in most Offices secure (with Profits) £300 only. Or he may secure" £1000 at death by 2S payments of
£26, lOS., being thus free of pajmient before age 55.
Results communicated in Report for 1898:—
NEW ASSURANCES COMPLETED, £1,280,000.
TOTAL INCOME, £1,132,000.
CLAIMS, including Bonus Additions,* £499,000.
* More than 60 per cent, of the Claims paid during 1898 shared in the Surplus ;
and, notwithstanding- the moderate premiums charged, the Bonuses added to the
Pohcies participating averaged over ^50 to each ^100 originally assured.
ACCUMULATED FUNDS, £11,000,000.
Prospectus, with full information and Tables of Rates, on application.
WA\^ OFFICE : 6 ST. Andrew square, EDINBURGH.