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Tuesday, 12 September 1972
Page: 734


Senator Douglas McClelland (NEW SOUTH WALES) asked the Minister representing the Minister for Defence, upon notice:

(1)   Do life assurance companies charge a higher insurance premium for Australian servicemen stationed in Singapore.

(2)   What additional risks are involved for Service personnel stationed in Singapore that would warrant insurance companies charging a higher premium.


Senator Sir KENNETH ANDERSON The Minister for Defence has provided the following answer to the honourable senator's question:

(1)   There are 42 life insurance companies registered by the Commonwealth Insurance Commissioner under the Life Insurance Act 1945-1965 which write direct insurance. Nine of these companies charge a higher than normal premium for Service personnel stationed in Singapore or impose other qualifications. The majority of the companies make no differentiation.

(2)   Reasons given by those companies which charge servicemen a higher than normal premium generally relate to the circumstances of their employment or residence in that area.







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