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Quarterly Report For Period Ending:
31 December 1999

 

Table 2A - Conventional Life Policies - All Companies (Discontinuances)   - December  99
Whole of Life API
($000's)
No.of
Policies
Lapses 315 227
Surrenders 2654 5887
All Other 698 2220
Endowment
Lapses 65 26
Surrenders 1439 1633
All Other 851 2510
Term Life
Discontinuances 13411 44346
Sub Total
Lapses 380 253
Surrenders 4093 7520
Term Life Discontinuances 13411 44346
All Other Discontinuances 1549 4730
 

 

 

 

 

 

Table 2B Unbundled Life Policies - All Companies (Discontinuances)    -
December  99
Capital Stable API
($000's)
No.of
Policies
Lapses 85 78
Surrenders 2293 1627
All Other Discontinuances 341 2111
Equity Linked
Lapses 849 389
Surrenders 13200 8673
All Other Discontinuances 953 520
Sub Totals
Lapses 934 467
Surrenders 15493 10300
All Other Discontinuances 1294 2631

 

Table 2C - Personal Superannuation - All Companies (Discontinuances)   -December  99
Personal Superannuation Annual
Contributions
($000's)
Lapses 1034
Surrenders 10207
All Other Discontinuances 2633

 

Table 2D - Annuities - All Companies (Discontinuances)  - December 99
Discontinuances Annuities
Per Annum
($000's)
No.of
Policies
Totals 203 43

 

Table 2E   - Individual Income Replacement, Accident,  & Trauma - All Companies (Discontinuances)  - December   99
Individual Policies API
($000's)
No.of
Policies
Income Replacement 2136 2918
Accident Only 407 2063
Trauma 543 607
Sub Totals 3086 5588

Note: Medical insurance details were discontinued as from September 1999

Table 2F - Termination Of Group Schemes - All Companies (All Discontinuances)  - December 99

API
($000's)
Annual
Contributions
($000's)
Employee Superannuation -
1812
Income Replacement 245
Accident Only -
Group Life and TPD 1472
Sub Total 3529

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