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Singapore life insurance business up 15.3% for Q3

Industry committed to meeting evolving needs of consumers with wide range of products, says LIA

Published Thu, Nov 5, 2015 · 09:50 PM

Singapore

SINGAPORE'S life insurance business climbed 15.3 per cent to S$813 million in total weighted new business premiums for the third quarter of 2015, boosted by a higher uptake in annual premium products.

Total weighted new business premiums - a way to measure the growth of the life insurance industry - rose 7 per cent to S$2.17 billion for the first nine months of the year, compared with the corresponding period in 2014.

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