THE GOVERNMENT LIFE INSURANCE DEPARTMENT Annual Report SUBSTANTIAL INCREASE IN BUSINESS The report of the Government In- surance Commissioner upon the trans actions of his Department for the year ended 31st December, 1941, which has now been presented to Parliament, reveals that the Department had an- other highly successful year. Its main features are (1) the new business amounted to 82,800,408, an increase of 2467,358 on the previous year. (2) the business in force at the end of the year totalled 232,445,977, to which are attached reversionary bonuses amounting to 23,814,177. (3) the total income, 81,360,056, exceeded that for the previous year by 233,952_ (4) Notwithstanding that the death claims in respect of policyholders serv- ing with the Forces involved the pay- ment of over 250,000 the total death claims increased by only 821,823. (5 ) surrenders decreased by over 260,000_ (6 ) the total assets now exceed 812,300,000. (7) the reserves have been further strengthened. Actuarial Investigation: The usual
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New Zealand Listener, Volume 7, Issue 162, 31 July 1942, Page 9
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158Page 9 Advertisement 1 New Zealand Listener, Volume 7, Issue 162, 31 July 1942, Page 9
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