HC Deb 13 March 1912 vol 35 cc1088-9
Mr. CHIOZZA MONEY

asked if it is the case that a friendly society can give twice the benefits offered by the National Insurance Act for the same contributions; and if the Insurance Commissioners have made any calculations as to what the benefits are really worth to contributors entering at various ages?

Mr. MASTERMAN

I know of no case in which a friendly society can give twice the benefits offered by the National Insurance Act for the same contributions, and if a particular society can give the ordinary benefits for less than these contributions it will be entitled to utilise what it has so saved in giving additional benefits to its own members. With regard to the latter part of the question, the official figures are not yet available, but the following statement of the equivalent value of the benefits may be taken as approximately correct:—

Age. Weekly Premium.
s. d.
16 … … … … 0 7
25 … … … … 0 8
35 … … … … 0 9
45 … … … … 0 11
55 … … … … 1 2
60 … … … … 1 3