Age when insured 36, with Bonus, for £1,000
Standard Life.
Age when insured 36, with Bonus, for £1,000 pays £48.8.4 per annum, Showing a difference in favour of the one insured in the Northern of £20.2.6 In the case of the resident of Tientsin insured in the Northern Life Assurance Ca." who was charged extra premium, the following endorsement was made on his policy.
London, 2nd February, 1864.
"resided from the Ist August 1860 to the 191 within, assured having "November 1862 northward of 33° north titude, the "Northern Assurance Ca." has turned to him the sum of £35.8.4, the extra premium paid on the within policy durin "that period. The Assured having returned "to Europe prior to the 14th December 1863, "the annual premium for the year to the 4th December 1864 has been reduced to £28 5.10."
Signed &e.
I believe there are some prospects of the "Standard Life Assurance Company" reducing their rates for the Northern ports. So far so good, but unless Home rates are charged as in the case of the Northern,"
ice will be done to those who for semic years past have paid £20.2 of those insured in the *€N: illustration given it is to be huped that the "Standard " will follow the example of the " Northern," andre fund the extra premium that has all along been charged to residents in any part of the world distant 33° from the Equator. The annual reports of the medical men at the Northern ports of China certainly justify the *'Northern" in only charging Home rates; and considering how much has been done to improve Shanghai, a considerable reduction ought to be made there also, and doubtless some move will proceed' from those interested in accomplishing this object. Should the London Offices not take this matter into their serious consideration and relax somewhat in their charges, some day a Mutual Assurance Company will be started, which will take away a good deal of their business, as has been the case in Fire Insurance. Undoubtedly such a Company would pay, if it were well organised, Yours truly,
Text read from the printed page and cleaned; old type leaves the occasional error.