DOI Seite / Zitierlink:
https://doi.org/10.11588/diglit.22459#0311
July 13, 1952
7fii.mjl:r:tnit ilici
IIINDUSTIIAN CO-OPERATIVE
INSURANCE SOCIETY, LTD.
The Hinriusthan Co-operative Insu-
rance Society Limited records in its latest
report enviable achievement during the
year ended the 31 st December 1951. New
business written during the year amounted
to Rs. l(ij28 85,001) as against Rs.13,75,
39,000 in 1950, recording thus an increase
of Rs.2,53,4(5,000. The total number of
policies in force at the end of the year
was 3,09,809 assuring a total sum of
Rs. 81,02,30,104, and the premium derived
from same during the year totalled Rs.3 72
crores, which was Rs. 32 lakhs more
titan the income derived from that source
during 1950. Inclusive of investment
income, the total income for the year
amounted to Rs. 4 28 crores.
It is satisfactory to note that the
society’s renewal expense ratio underwent
some reduction during the year. It worked
out at 14.00 per cent as against 14.75 %
previously.
The society’s Life Assurance Fund
ini lading that for Provident Endowment
Assurance rose during the year by over
Rs. 1 08 crores to stand at Rs. 17.06
crores, the bulk of which was invested
in Government and approved securities.
In truth, of the major heads of invest-
ments Government and approved securities
accounted for Rs. 11,57,19,323, debentures,
slock and shares Rs. 1,40,10.022, policy
loans Rs. 1,21,51,431, mortgages Rs.
1 78 87,011 and land and buildings
,Rh. 2.00,97,823.
The claims by maturity and by
death inclusive of bonuses amounted to
Rs. 83,57,978. The percentage of death
claims to total premium income worked
out to Rs. 7.89 per cent as against 9.C3
per cent in 1949. All this speaks well
of tie s'lection of risks in the part, of
the sooietv.
The net profit lot the'y
to Rs. 2,30,802 and out of
of Rs. 49,475 was transferred
General Reserve. A dividend is paiu o„
the Ordinary shares at the rate of 10 per
cent, and a sum of Rs. 1,32,472 is carried
forward to next account.
A VACANCY FOR YOU
If you are really abfev&nd ambitious,
there is always a vacancy for you for
a permanent job, with freedom and oppor-
tunity. It may ensure your-success in life
while contributing to larger social &
national good. It is the job of a LhV
Insurance salesman.
A Hindusthan Agency is a life-time*jr
Join our Agency Force & Make your
a^^uccess.
HINDU5THAN'CO-OPERATE.
INSURANCE SOCIETY LTD,
IIINDUSTIIAN. IIUILDING
CALCUTTA.
NEW BUS3KH5SSOOH)
Over Rs. 16 Crores 28 Lakhs
For agency and other particulars
Please write to Mr. N. R. Roy, B.Com.
•anch Manager, Jalpaiguri.
^IJrai
IN TIBET TO-DAY
(Continued from page 2)
companies in India to appoint them
agents for their goods in Tibet. At
present merchants in Kalimpong hold
several good agencies for Tibet of fast
moving goods and in case the Himalayan
Syndicate succeeds in their effort agents,
distributors and wholesalers at Kalimpong'
will have to face difficult days.
7fii.mjl:r:tnit ilici
IIINDUSTIIAN CO-OPERATIVE
INSURANCE SOCIETY, LTD.
The Hinriusthan Co-operative Insu-
rance Society Limited records in its latest
report enviable achievement during the
year ended the 31 st December 1951. New
business written during the year amounted
to Rs. l(ij28 85,001) as against Rs.13,75,
39,000 in 1950, recording thus an increase
of Rs.2,53,4(5,000. The total number of
policies in force at the end of the year
was 3,09,809 assuring a total sum of
Rs. 81,02,30,104, and the premium derived
from same during the year totalled Rs.3 72
crores, which was Rs. 32 lakhs more
titan the income derived from that source
during 1950. Inclusive of investment
income, the total income for the year
amounted to Rs. 4 28 crores.
It is satisfactory to note that the
society’s renewal expense ratio underwent
some reduction during the year. It worked
out at 14.00 per cent as against 14.75 %
previously.
The society’s Life Assurance Fund
ini lading that for Provident Endowment
Assurance rose during the year by over
Rs. 1 08 crores to stand at Rs. 17.06
crores, the bulk of which was invested
in Government and approved securities.
In truth, of the major heads of invest-
ments Government and approved securities
accounted for Rs. 11,57,19,323, debentures,
slock and shares Rs. 1,40,10.022, policy
loans Rs. 1,21,51,431, mortgages Rs.
1 78 87,011 and land and buildings
,Rh. 2.00,97,823.
The claims by maturity and by
death inclusive of bonuses amounted to
Rs. 83,57,978. The percentage of death
claims to total premium income worked
out to Rs. 7.89 per cent as against 9.C3
per cent in 1949. All this speaks well
of tie s'lection of risks in the part, of
the sooietv.
The net profit lot the'y
to Rs. 2,30,802 and out of
of Rs. 49,475 was transferred
General Reserve. A dividend is paiu o„
the Ordinary shares at the rate of 10 per
cent, and a sum of Rs. 1,32,472 is carried
forward to next account.
A VACANCY FOR YOU
If you are really abfev&nd ambitious,
there is always a vacancy for you for
a permanent job, with freedom and oppor-
tunity. It may ensure your-success in life
while contributing to larger social &
national good. It is the job of a LhV
Insurance salesman.
A Hindusthan Agency is a life-time*jr
Join our Agency Force & Make your
a^^uccess.
HINDU5THAN'CO-OPERATE.
INSURANCE SOCIETY LTD,
IIINDUSTIIAN. IIUILDING
CALCUTTA.
NEW BUS3KH5SSOOH)
Over Rs. 16 Crores 28 Lakhs
For agency and other particulars
Please write to Mr. N. R. Roy, B.Com.
•anch Manager, Jalpaiguri.
^IJrai
IN TIBET TO-DAY
(Continued from page 2)
companies in India to appoint them
agents for their goods in Tibet. At
present merchants in Kalimpong hold
several good agencies for Tibet of fast
moving goods and in case the Himalayan
Syndicate succeeds in their effort agents,
distributors and wholesalers at Kalimpong'
will have to face difficult days.