Table2_Dec98

Investment Savings and Insurance Association (ISI)

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Quarterly Report For Period Ending:
31 December 1998

Table 2A - Conventional Life Policies - All Companies (Discontinuances)

Whole of Life API
($000's) No.of
Policies

Lapses 333 140

Surrenders 2,994 4,905

All Other 203 1,370

Endowment

Lapses 197 89

Surrenders 1,683 1,649

All Other 544 1,834

Term Life

Discontinuances 11,211 40,700

Sub Total

Lapses 530 229

Surrenders 4,677 6,554

Term Life Discontinuances 11,211 40,700

All Other Discontinuances 747 3,204

Table 2B Unbundled Life Policies - All Companies (Discontinuances)

Capital Stable API
($000's) No.of
Policies

Lapses 89 43

Surrenders 2,139 1,580

All Other Discontinuances 525 2,553

Equity Linked

Lapses 964 463

Surrenders 14,437 9,049

All Other Discontinuances 1,660 846

Sub Totals

Lapses 1,053 506

Surrenders 16,576 10,629

All Other Discontinuances 2,185 3,399

Table 2C - Personal Superannuation - All Companies (Discontinuances)

Personal Superannuation Annual
Contributions
($000's)

Lapses 1,623

Surrenders 6,143

All Other Discontinuances 2,869

Table 2D - Annuities - All Companies (Discontinuances)

Discontinuances Annuities
Per Annum
($000's) No.of
Policies

Totals -3 -106

Table 2E - Individual Income Replacement, Accident, Medical & Trauma - All Companies (Discontinuances)

Individual Policies API
($000's) No.of
Policies

Income Replacement 1,531 2,130

Accident Only 738 13,971

Medical 76 161

Trauma 249 360

Sub Totals 2,594 16,622

Table 2F - Termination Of Group Schemes - All Companies (All Discontinuances)

API
($000's) Annual
Contributions
($000's)

Employee Superannuation
9,280

Income Replacement 121

Accident Only -

Medical -

Group Life and TPD 1,389

Sub Total 10,790