Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1862-1863

I:i8 ADVERTISEMENTS.
ORTH BRITISH
FIRE AND LIFE INSURANCE COMPANY.
EST.A.BXjISI3:EID IInT 1809.
INCORPOEATED BY EOYAL CHARTER AND SPECIAL ACT OF PARLIAMENT.
CAPITAL, ONE MILLION.
Accumulated Fund, £1,174,383. Annual Eevenue, £214,655.
GLASGOW OFFICE— 102 St. VINCENT STREET.
PEESIDENT.
HIS GRACE THE DUKE OF ROXBURGHE, K.T.
LIFE DEPARTMENT.
THE NORTH BRITISH INSURANCE COMPANY, as a Life Office, was established in 1823.
The principles on which it was founded, and on which it continues to act, combine the system of
Mxttuatj Insurance with the safety of a large Protecting Capital, and thus afford all the
facilities and advantages which, can prudently be oifered by any Life Assurance Office.
In virtue of the Guarantee aflForded by its Capital, the Company can adopt rates lower than what are
practicable by a purely Mutual office ; while, in virtue of the principle of giving the insured, in their
option, a right to a share in the Profits, they derive the same, or even a greater benefit, than if they
actually belonged to a Mutual office.
The Premiums are regulated on these two principles — either a party may pay a higher rate, and secure the
benefit of a share in the Profits, or he may adopt a lower rate, while he has absolute security for the
payment of the amount in his Policy.
ADVANTAGES OFFERED BY THIS COMPANY.
1. Nine-tenths (90 per cent.) of the Profits, or, in other words, the whole of the Profits arising from the
Life Business, after setting aside one-tenth for the guarantee, are divided among the Assured entitled
to participate.
2. Bonuses may be added to the sum assured, or surrendered for a cash payment, or applied to the reduction
of the future Premiums.
c. A prospective Bonus of 1 per cent, per annum is allowed on Policies which have subsisted for .five years,
which may become claims previous to the next Investigation in 1865.
4. The sum insured may be made payable at any given age, or at death, if it occur previously.
5. An ascending scale of Premiums, whereby Policies may be effected at the lowest possible rates.
6. On Insurances for a Whole Period of Life, half the Premium may remain on credit for the first Five
Years, or one- third during the convenience of the party assured.
7. No Extra Charge for residence in British North America, the Cape, Australia (excluding the Diggings),
New Zealand, Port Natal, and parts of the United States ; and no license required except for the
voyage.
8- ■'^olicies shall, on special application, be declared indisputable from the date of their issue (proof of Age
being given), and shall not be liable to any challenge whatever in connection with the proposal and
relative papers on which the Contract of Assurance is based, and shall be freed from all grounds of
objection (fraud alone excepted), provided that the Premium stipulated in the Policy, and any Extra
Premium which may be exigible, shall be duly paid.