New Zealand Gazette – 1929 – No. 85

Page 3285

✨ Government Life Insurance Premium Tables



Dec. 19.] THE NEW ZEALAND GAZETTE. 3285

THIRD SCHEDULE.

Tables of Premiums for Deferred Endowment Assurances for Children with Participation in Profits after the Attainment of Age 21.

Annual premiums for a sum assured of £100 payable in the event of the death of the child after age 21 or at the maturity date of policy. The maturity date shall be deemed to be the nearest anniversary of the policy date to the maturity age which may be selected. In the event of the death of the child whose life is assured before 21, all premiums actually paid shall be refunded to the purchaser with compound interest at the rate of 4 per centum per annum.

TABLES A.VI AND C.VI.

Annual Premium payable until Death or Maturity Date.

Age, nearest Birthday of Child. Maturity Age.
80. 60. 50. 40.
0 £ s. d. 0 13 7 £ s. d. 0 16 7 £ s. d. 1 1 9 £ s. d. 1 10 8
5 0 16 11 1 0 9 1 7 1 1 18 7
10 1 1 3 1 6 2 1 14 3 2 9 7
15 1 7 0 1 13 5 2 4 1 3 5 10

TABLE B.VI.—MATURITY AGE, 80.

Annual Premium payable until Death or until the nearest Anniversary of the Policy Date to the Premium-ceasing Age.

Age, nearest Birthday of Child. Premium-ceasing Age.
40. 80
0 £ s. d. 0 16 1 £ s. d. 0 14 1
5 1 0 10 0 17 8
10 1 7 6 1 2 5
15 1 17 2 1 8 8

TABLE A.VIP.—MATURITY AGE, 80.

Annual Premium payable until Death or Maturity, but in the Event of the Death of the Purchaser occurring before the Child has attained Age 21 the Premiums shall cease until the Child has attained Age 21.

Age, nearest Birthday of Child. Age of Purchaser at nearest Birthday.
Under 30. 30–39. 40–44. 45–49.
0 £ s. d. 0 14 4 £ s. d. 0 14 8 £ s. d. 0 15 1 £ s. d. 0 15 7
5 0 17 7 0 17 10 0 18 2 0 18 7
10 1 1 9 1 1 11 1 2 0 1 2 3
15 1 7 3 1 7 4 1 7 5 1 7 7

TABLE B.VIP.—MATURITY AGE, 80.—PREMIUM-CEASING AGE, 40.

Annual Premium payable until Death or until the nearest Anniversary of the Policy Date to the above Premium-ceasing Age, but in the Event of the Death of the Purchaser occurring before the Child has attained Age 21, the Premiums shall cease until the Child has attained Age 21.

Age, nearest Birthday of Child. Age of Purchaser at nearest Birthday.
Under 30. 30–39. 40–44. 45–49.
0 £ s. d. 0 17 0 £ s. d. 0 17 4 £ s. d. 0 17 10 £ s. d. 0 18 5
5 1 1 8 1 1 11 1 2 4 1 2 10
10 1 8 2 1 8 4 1 8 7 1 9 0
15 1 17 8 1 17 9 1 17 11 1 18 1

TABLE B.VIP.—MATURITY AGE, 80.—PREMIUM-CEASING AGE, 60.

Annual Premium payable until Death or until the nearest Anniversary of the Policy Date to the above Premium-ceasing Age, but in the Event of the Death of the Purchaser occurring before the Child has attained Age 21, the Premiums shall cease until the Child has attained Age 21.

Age, nearest Birthday of Child. Age of Purchaser at nearest Birthday.
Under 30. 30–39. 40–44. 45–49.
0 £ s. d. 0 14 11 £ s. d. 0 15 2 £ s. d. 0 15 7 £ s. d. 0 16 2
5 0 18 4 0 18 7 0 18 11 0 19 4
10 1 3 0 1 3 2 1 3 4 1 3 8
15 1 9 0 1 9 1 1 9 2 1 9 3

TABLE C.VIP.—MATURITY AGE, 60.

Annual Premium payable until Death or Maturity, but in the Event of the Death of the Purchaser occurring before the Child has attained Age 21, the Premiums shall cease until the Child has attained Age 21.

Age, nearest Birthday of Child. Age of Purchaser at nearest Birthday.
Under 30. 30–39. 40–44. 45–49.
0 £ s. d. 0 17 6 £ s. d. 0 17 10 £ s. d. 0 18 5 £ s. d. 0 19 0
5 1 1 7 1 1 10 1 2 3 1 2 9
10 1 6 10 1 7 0 1 7 3 1 7 7
15 1 13 9 1 13 10 1 14 0 1 14 2

TABLE C.VIP.—MATURITY AGE, 50.

Annual Premium payable until Death or Maturity, but in the Event of the Death of the Purchaser occurring before the Child has attained Age 21, the Premiums shall cease until the Child has attained Age 21.

Age, nearest Birthday of Child. Age of Purchaser at nearest Birthday.
Under 30. 30–39. 40–44. 45–49.
0 £ s. d. 1 3 0 £ s. d. 1 3 5 £ s. d. 1 4 2 £ s. d. 1 4 11
5 1 8 2 1 8 6 1 9 1 1 9 8
10 1 15 1 1 15 4 1 15 8 1 16 1
15 2 4 7 2 4 8 2 4 9 2 5 0

TABLE C.VIP.—MATURITY AGE, 40.

Annual Premium payable until Death or Maturity, but in the Event of the Death of the Purchaser occurring before the Child has attained Age 21, the Premiums shall cease until the Child has attained Age 21.

Age, nearest Birthday of Child. Age of Purchaser at nearest Birthday.
Under 30. 30–39. 40–44. 45–49.
0 £ s. d. 1 12 5 £ s. d. 1 13 1 £ s. d. 1 14 0 £ s. d. 1 15 2
5 2 0 1 2 0 7 2 1 4 2 2 2
10 2 10 10 2 11 2 2 11 7 2 12 2
15 3 6 6 3 6 8 3 6 11 3 7 3

GENERAL.

Annual premiums under any of the tables on this Third Schedule for ages at nearest birthday at date of assurance, for maturity ages and for premium-ceasing ages which respectively are intermediate between those above specified shall be graduated progressively in accordance with the premiums set out above. A premium payable half-yearly, quarterly, or monthly (including four-weekly) shall be a proportionate part of the respective annual premium increased by a percentage of 2½, 5, or 7½, as the case may be.

Medical examination of the child and/or the purchaser may be dispensed with under any assurance issued under the tables contained in this Third Schedule.

F. D. THOMSON,
Clerk of the Executive Council.

B



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✨ LLM interpretation of page content

🏢 Regulation under the Government Life Insurance Act, 1908 (continued from previous page)

🏢 State Enterprises & Insurance
17 December 1929
Government Life Insurance, Annuities, Endowment Assurances, Premiums, Children, Deferred Assurances
  • F. D. Thomson, Clerk of the Executive Council