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Bumper year for insurance bonuses after bumper year for equities
Some insurers declaring special or higher-than-projected payouts, but issue caution on outlook for 2018 returns amid change in business cycle
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Genevieve Cua
Published Sun, May 13, 2018 · 09:50 PM
Singapore
STRONG equities performance in 2017 is delivering a kicker in bonuses this year for policyholders of traditional with-profits insurance plans.
For some insurers whose data is available, their life fund returns in 2017 were the highest of the past three years. Prudential, for instance, reports a return of 10.6 per cent in 2017, compared to 8.3 per cent in 2016 and 0.2 per cent in 2015.
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