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Dáil Éireann díospóireacht -
Thursday, 5 Mar 1992

Vol. 416 No. 8

Written Answers. - Insurance Policies.

Bernard J. Durkan

Ceist:

88 Mr. Durkan asked the Minister for Industry and Commerce if he will give details of the number of life or similar insurance policies encashed prior to maturity in the last 12 months; the value of premiums paid; the value of receipts to premium holders who sought or were given encashment; and if he will make a statement on the matter.

The most recently available data, as sought by the Deputy, is in respect of the 12 month period ended 31 December 1990. The information concerning the number of surrendered policies and their surrender value is set out below. Information as to the value of premiums paid in respect of such policies is not available.

The number of surrendered policies: 74,017

The value of encashments: £714 million.

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