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Uptake of new direct-purchase insurance plans still low

Singapore's life insurance industry records marginal fall in weighted new business premiums

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When it comes to buying insurance, consumers still prefer seeking financial advice to buying direct-purchase plans - even if direct-purchase plans mean lower premiums, since neither financial advisors nor commissions are in the picture.

Singapore

WHEN it comes to buying insurance, consumers still prefer seeking financial advice to buying direct-purchase plans - even if direct-purchase plans mean lower premiums, since neither financial advisors nor commissions are in the picture.

Khoo Kah Siang, president of the