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Quarterly Report For Period Ending:
30 September 1999

 

Table 2A - Conventional Life Policies - All Companies (Discontinuances)   - September  99
Whole of Life API
($000's)
No.of
Policies
Lapses 284 141
Surrenders 2650 5383
All Other 696 2738
Endowment
Lapses 172 90
Surrenders 1807 1863
All Other 941 2713
Term Life
Discontinuances 10653 36450
Sub Total
Lapses 456 231
Surrenders 4457 7246
Term Life Discontinuances 10653 36450
All Other Discontinuances 1637 5451
 

 

 

 

 

 

Table 2B Unbundled Life Policies - All Companies (Discontinuances)    -
September  99
Capital Stable API
($000's)
No.of
Policies
Lapses 137 76
Surrenders 2833 1836
All Other Discontinuances 429 1930
Equity Linked
Lapses 793 383
Surrenders 12442 8307
All Other Discontinuances 1201 627
Sub Totals
Lapses 930 459
Surrenders 15275 10143
All Other Discontinuances 1630 2557

 

Table 2C - Personal Superannuation - All Companies (Discontinuances)   -September  99
Personal Superannuation Annual
Contributions
($000's)
Lapses 1072
Surrenders 10764
All Other Discontinuances 2452

 

Table 2D - Annuities - All Companies (Discontinuances)  - September 99
Discontinuances Annuities
Per Annum
($000's)
No.of
Policies
Totals 1077 283

 

Table 2E   - Individual Income Replacement, Accident, Medical & Trauma - All Companies (Discontinuances)  - September   99
Individual Policies API
($000's)
No.of
Policies
Income Replacement 2287 2809
Accident Only 355 2094
Trauma 468 558
Sub Totals 3110 5461

Note: Medical insurance details were discontinued as from September 1999

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

API
($000's)
Annual
Contributions
($000's)
Employee Superannuation -
21139
Income Replacement 76
Accident Only -
Group Life and TPD 1793
Sub Total 23008

Note: AMP discontinuances are higher than in previous quarters because of a transfer of business to another AMP group company not reported for ISI purposes.

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