Mr. Hoģģasked the Chancellor of the Exchequer the total number of life policies of the value of£1,000 or under estimated to be in force issued by industrial assurance societies.
§ Sir J. AndersonThe total number of industrial life assurance policies estimated to be in force to-day is 111,000,000, of which 29,000,000 are issued by collecting societies. In addition, it is estimated that there are about 7,000,000 ordinary life insurance policies with registered friendly societies (including collecting societies). All these policies are under£1,000 in value.