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Industrial Assurance (Northern Ireland) Order 1979

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PART IIIN.I.GENERAL RULES APPLICABLE FOR PURPOSES OF PARTS I AND II

7.  Interest is to be assumed at the rate of 4 per cent. per annum.N.I.

8.  The rate of mortality is to be assumed according to the table contained in column 6 of Table G in the Supplement to the 65th Annual Report of the Registrar-General of Births, Deaths and Marriages in England and Wales—Part I.N.I.

9.  The age of the person whose life is assured shall be obtained by adding to the age attained by him at his birthday next after the date of the issue of the policy, the duration of the policy in completed years at the date as at which the value of the policy is required to be ascertained.N.I.

10.  In the case of a policy issued for a term other than the whole term of life, the remaining term at the date at which the value of the policy is required to be ascertained shall be obtained by deducting from the original term of the policy the duration of the policy in completed years at that date.N.I.

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