EXAMPLE—Policy, £1000 dated 1845.
180 Bonus 1864.
£1180 Sum now Insured, subject to Future
Increase.
DIVISION OF PROFITS EVERY FIVE YEARS.
LOANS ON LIFE POLICIES, with undoubted Personal Security, may, under
certain circumstances, be granted.
DAYS OF GRACE allowed with the most liberal interpretation. (See late
Advertisements).
ANNUITIES granted on favourable terms, and every reasonable facility
given.
PROGRESS OF THE LIFE BRANCH
“New Policies for the Year ending
POLICIES ISSUED. SUM ASSURED. PREMIUM
JUNE, 1855 396 £166,864 £4,867
,, 1856 654 288,321 8,370
,, 1867 756 391,158 11,894
“Thus the New Assurers for the Year ending June, 1857, are 160 per
Cent. above those for the Year ending June, 1855.”
STATEMENTS OF THE “LONDON TIMES.”
The City Article of the “London Times” of the 24th July, 1156, states
that the transactions of the Royal Insurance Company “appear to have been
of a perfectly satisfactory character.” It includes the following
statements confirmatory of that opinion:—
PREMIUMS.
The Premiums of Nine Offices enumerated, are stated to £824,924
be
Of which The Royal alone amount to 371,957
being 82 per Cent. of the accumulated Premiums of the remaining Eight
Companies.
EXPENDITURE.
_The Times’_ Article exhibits the Expenditure likewise of the “ROYAL” in
most favourable contrast to that of others. The statement of “The Times”
has elicited the following remarks from a contemporary:—Here again, the
Royal Insurance Company occupies a position of honourable pre-eminence;
for while its expense of management, spread over a period of three years,
has been less than 20 per Cent., those of five other offices, extending
over an equal time—for we omit those which have been established within
three years, or we might make a much stronger case—have varied from 22
to74 per Cent., and in one case have been as high as 111 per Cent. on the
receipts.
RESOURCES.
In like manner, the entire Funds in hand of thirteen offices are quoted,
in “The Times,” at £1,238,688, including the Royal, which alone is
£372,394, and which is, therefore, equal to 43 per Cent. of the
accumulated funds of the remaining twelve offices, viz. for the Year
1855. Since increased to £600,000.
EXTRACTS FROM REPORT FOR THE YEAR 1856.
FIRE DEPARTMENT.
Public-domain text, read in full here on John Shaqi.
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