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ISI Members
|
| Summary For Years Ended 30 September |
(C) Insurance Business
Years Ending 30 September |
|
1995 ($000) |
1996 ($000) |
1997 ($000) |
1998 ($000) |
% Change
This Year |
| NEW
BUSINESS |
|
|
|
|
|
Annual
Premium
Income |
$161,257 |
$157,564 |
$137,925 |
$150,017 |
8.77% |
| Single
Premiums |
$335,534 |
$317,307 |
$200,727 |
$365,233 |
81.96% |
DISCONTINUANCES
of Annual Premium
Income |
|
|
|
|
|
| Lapses |
$11,351 |
$38,442 |
$10,986 |
$8,685 |
-20.94% |
| Surrenders |
$106,353 |
$114,706 |
$96,888 |
130,100 |
34.28% |
| All
Other Discontinuances |
- |
- |
- |
$6,913 |
|
| ANNUAL
PREMIUM INCOME IN-FORCE |
$1,086,957 |
$1,070,513 |
$1,081,176 |
$1,081,188 |
0.00% |
Source:ISI Quarterly Statistics
(D) Superannuation Business
Years Ending 30 September |
|
1995
($000) |
1996
($000) |
1997
($000) |
1998
($000) |
% Change
This Year |
| NEW BUSINESS |
|
|
|
|
|
| Annual Regular Contributions |
$103,682 |
$125,053 |
$121,689 |
$125,072 |
2.78% |
| Single Premiums |
$177,333 |
$284,566 |
$427,454 |
$563,296 |
31.78% |
DISCONTINUANCES
of Annual Regular Contributions |
|
|
|
|
|
| Lapses |
$5,798 |
$7,604 |
$8,084 |
$8,510 |
5.27% |
| Surrenders |
21,539 |
$23,589 |
$19,897 |
$29,952 |
50.54% |
| Other Discontinuances |
- |
- |
- |
$16,206 |
|
Superannuation
Scheme Cancellations |
$10,426 |
$10,772 |
$8,520 |
$11,468 |
34.60% |
| ANNUAL REGULAR CONTRIBUTIONS IN-FORCE |
$495,018 |
$551,016 |
$606,724 |
$638,605 |
5.25% |
Source:ISI Quarterly Statistics
  
|
