Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1864-1865

THE QUEEN INSUEANCE G ^IV A^Y- Contlnurd
At tlie Annual Meeting of the Proprietors lield at Liverpool on the 21st October, 1863, Bkiinakp
Halt., Esq., Clmirman of the Company, m the Chaii-, the Directors' Keport for tho
Year stated : —
" Tliat the Fire Premiums for the Year amomiteJ to . . . .
Being an Increase over the Preceding Year of . . .
That the Life Premium Receipts for the First Three Years were
And for the Past Three Y''ears ........
Being an Increase in the latter Triennial Period over the former of
That the Amount Accumulated sixcit Last Mketixg, as a Fire Reserve Fund, was
And the Amount added to the Life Fund was . . .
That during the past Five Years the Company has Paid FOR Claims , . 106 515
The Actuary Reported that the Life Liabilties had been valued on the soundest principles, viz.:
— Net Premiums, at 3 per Cent. Interest, and tliat the Bonus to Participating Policy Holders
averaged as much «s 46 per Cent, per Annum, of the Premiums paid ; while, in some instances it
was as high as G5, 70, and eoen 75 per Cent. A Dividend was declared to Proprietors at the rate of
Eight per Cent, per Annum.
I A new. Bonus Scheme was announced, which confers very great benefits on Participating Policv
holders, as the Company's Large Life Bonuses may, under this scheme, I)e taken by the Assured
in the shape of a Bonus Policy, free from any condition whatever, and payable absolutely at the
death of the Assured, without^any reference to the original Policy, so that the holder possesses an
absolute reversion of a defined market value, capajble of being at any tiuie comierted into 'Cash.
JB70,300
22,880
15,249
43,557
28,308
23,427
13,743
EXAMPLES OF BONUSES DECLARED ON POLICIES A3 ABOVE.
Age at Entry.
Total Premiums I'aid.
■Bonus Declared.
Per Centage of
Bonus.
16
17
S3
30
35
40
£40 16 8
41 13 4
46 5
69 2 .6
133 15
63
£31 5
31
30
3,7 10
62 10
25
76.
^5 ,
66
54
47
40
PKmOIPAL TEATUEES.
Moderate Premiums and Liberal Conditions,
Only a small portion of the Expenses home by the Life Department.
Bonuses may be applied to the increase of the sum assured, the reduction of the future •Preniiuin.s
■or may be received in cash.
Fixed Minimum of Surrender Values after Three Years.
Paid-up Policies issued at any time after Three Years, to avoid loss of Premium.
Special Insurances Payable to Survivors in Business Partnerships. Every variaty of Life
Insurance.
Policies Unchallengeable, except on ground of Fraud.
Pr-ompt Settlement 'of Claims.
Tlic Rates of Premium are as moderate as those of other First-Glass Oilices.
Farming Stock insured at usual rates. Free of Duty.
Kent of Buildings insured.
Losses occasioned by Explosion of Gas and Damage by Fire jirising from Liwhtning, made
good.
Liberal Discount allowed on Insurances effected for more than One Year at a time'; and also
on Foreign Insurances, to Merchants and others, acting for parties Abroad.
Policies may ,be Tra>'sferbed from othea' Offices without expense to the Assured.
L0.^.8ES SETTLED WITH PROMPTITUDE AND LIBERALITY,