§ Sir W. Darlingasked the Assistant Postmaster-General the progress of lift insurance in sums assured and premiums paid in his Department in the years 1914 to 1924, 1934 to 1944 and in the most recent year for which completed figures are available.
§ Mr. Burke:The amounts of premiums received and contracts in existence at the end of each year 1914 to 1924 and 1934 to 1945 are given in the following table. Post Office Life Insurance business was discontinued at the beginning of 1929, and the figures for the years 1934 onwards are, therefore, in respect of contracts entered into before that time.
Year. Premiums received.
Contracts in existence at
close of the year.
£ £ 1914 … 20,760 696,332 1915 … 20,855 695,391 1916 … 20,532 694,755 1917 … 20,284 681,265 1918 … 19,921 669,356 1919 … 19,387 655,486 1920 … 19,290 643,588 1921 … 18,768 627,582 1922 … 18,048 607,838 1923 … 17,567 587,752 1924 … 16,895 568,073 1934 … 9,088 319,800 1935 … 8,368 299,535 1936 … 7,703 277,327 1937 … 7,080 258,855 1938 … 6,421 241,529 1939 … 5,896 226,752 1940 … 5,508 211,277 1941 … 4,998 198,005 1942 … 4,601 184,337 1943 … 4,180 172,243 1944 … 3,803 160,837 1945 … 3,522 150,650