Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1860-1861

XXV III
INSURANCE DIRECTORY.
THE COLONI AL LIFE ASSORANC E COMPANY.
HEAD OFFICE— 5 GEORGE STREET, EDINBURGH.
THE RIGHT HONOURABLE THE EARL OF ELGIN AND KINCARDINE.
COLONIAL ANB FOREIGN ASSURANCES.
THE COLONIAL LIFE ASSURANCE COMPANY was established at Edinburgh in 1846, and
introduced new and important features into Life Assurance practice, by publishing rates calcu-
lated for Foreign residence, and by establishing Agencies abroad, thus affording increased facilities to
persons whose views or occupations might lead them to travel or reside in other countries. By its
means, also, the benefits of Life Assurance were extended to India and to the Colonies of Great Bri-
tain generally, on such beneficial terms, and under such liberal conditions, as improved knowledge
and the circmnstances of the times authorised and required.
The progress of the business has been most successful and satisfactory in every respect, and its
extent has proved how greatly such an institution was wanted.
The Rates of the Company for Colonial and Foreign residence will be found moderate ; and
looking to the facilities and advantages afforded by the Company, they may be considered more
advantageous, and virtually less expensive, tiian those of any other Office doing business abroad.
For the purpose ot giving increased facilities, also, in tiie Company's transactions, the Directors
have formed Local Boards of Management, and Branch Offices, in India and the Colonies, where
Assurances may be effected, Premiums paid, and Claims settled.
HOME ASSURANCE,
The DiREGTons of the Colonial Life Assurance Company having directed much attention
to the Classification of Risks in connexion with Lives Abroad, in which they have been most
successful, have turned their attention to the Classification OF Home Risks, so as to give Proles-
sionMl Men, and settled persons of all classes, whose occupations are not likely to call them beyond
tlie limits of Europe, tlie advantage and privilege of possessing Policies unfettered by restrictions as to
foreign residence, on terms which the absence of such extra risks authorises them to adopt.
The Directors have, in accordance with these views, resolved to grant to Persons resident in this
Country, whose occupation, profession, or calling, infers a residence in the United Kingdom, and
who declare that they have no intention or prospect of going abroad,
POLICIES WITHOUT ANY RESTRICTION AS TO RESIDENCE.
It is not possible to state exactly the Professions which this Class will embrace, and much will
depend on the featm-es and particulars of each case ; but the Directors may mention a few Professions
and Occupations which the new Class will include : — Country Gefitlemen, Barristers and Advocates,
Solicitors, and other Law Agents, Settled Medical Practitioners, Beneficed Clergymen, Manvfac-
turers, Agriculturists, Retail Shopkeepers, and others of like p)osition;'\t being a rule, however,
that no Policy under this Class shall be issued on the life of any one below the age of 25, unless he
shall have settled in life. — The Home Rates of Premium are moderate. For example: —
Age 25. Age 35. Age 45.
With Profits, £2 1 £2 13 10 £3 14 2 per cent.
Without Profits, 1 17 7 2 9 4 3 7 11 „
DIVISION OF PROFITS.
The First Division of the Company's Profits took place as at 25lh May 1854, and the Second at
25tli May 1859, when large additions were made to all Policies effected in the Particioation Scheme
of the Company, as shewn in the following Table, the examples being Policies of £1000: —
[Continued.