EARL of RONALDSHAYasked the Chancellor what, in the event of the Insurance Bill becoming law in its present form, will become of the sum standing to the credit of a domestic servant in the event of death after having been an insured person for ten years under the scheme, or in the event of emigration after having been an insured person for ten years, or in the event of marriage after having been an insured person for ten years; and can he say if the ultimate fate of the accumulated premiums of such a person will be in any way affected by reason of the fact that no sick pay or medical benefit has been derived owing to the employer having himself made provision for his servants' illnesses?
545W
Mr. McKINNON WOODIn the first case the value of the servant's insurance is absorbed into the funds of the society; in the second case, if she joins a similar society in the country to which she emigrates, she takes her transfer value with her. In the third case, two-thirds of her transfer value is either given to her in the form of special benefit, or, at her option, used to secure the continuance of her insurance at a reduced rate of contributions and benefits, the remaining one-third being granted to give her the right to immediate insurance at the full rate in the event of becoming a widow. As regards the last part of the question, if servants do not wish for sickness benefit they can form their own societies and use the money thus saved to establish a superannuation fund.