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Bank distribution leads in Q1 new insurance sales

Banks contributed 46% or $377m; agents sold 33% (S$264m); and financial advisers notched up 17% (S$135m)

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In the first quarter of 2017, bank representatives contributed to 46 per cent of total weighted new business premiums or S$377 million.

Singapore

NEW sales of life insurance through banks - the dominant distribution channel in Singapore - continue to outpace that of tied agents and financial advisers in the first three months of the year.

In the first quarter of 2017, bank representatives contributed to 46 per cent

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