The Profits are declared in each year, on the second Wednesday in May, on which date all those whose Policies have been in existence five complete years, are entitled to participation therein.

This practice of an annual division, as observed by Mr. Babbage, "distributes the Profits with more regularity and justice than any other," and it is especially advantageous to persons of advanced years, who cannot hope to participate in many septennial or decennial divisions.

One-fifth of the ascertained Profits of the five preceding years is divided between the Policy-holders and Shareholders, three-fourths to the former and one-fourth to the latter. The remaining four-fifths are set apart to enter into the average of the succeeding years, and thus to provide against unforeseen contingencies.

The Annual Reduction has averaged considerably above 40 per cent., and in no one year has it fallen below that amount.

The following Table will show the operation of the reduction of 40 per cent. made by the Society to all holders of Policies entitled to participate in Profits, by reason of their having paid six complete original annual Premiums:—

Age when Policy was issued.Sum assured.Original Premium.Reduced annual Premium for the current year.
££s.p.£s.p.
201000196811120
301000248414130
4010003110018180
5010004215025130
6010006611838190

Thus it will be seen that the benefits arising from the Division of Profits will be experienced by each whole Life Assurer on the payment of his seventh annual Premium.

This system of reduction in the Premiums affords immediate benefit to the Assured, or enables them to secure a considerable bonus by effecting a new Policy.

INDIAN BRANCH.

Policies are granted in London, and by resident Committees at Calcutta, Madras and Bombay, on India Risks, at very advantageous rates, calculated from extensive data and tables, exclusively in the possession of this Society, to show the true risk of life during residence in India, and after retirement from foreign service.