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Saving of contracts under 16 & 17 Vict. c. 45. or 72 & 28 Vict. c. 43., and of engagements by friendly societies.
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8. Provided always, that this Act shall not apply to any policy of assurance granted or to be granted or to any contract for a payment on death entered into or to be entered into in pursuance of the provisions of the Government Annuities Act, 1853, and the Government Annuities Act, 1864, or either of those Acts, or to any engagement for payment on death by any friendly society.
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