Singapore life insurance business up 15.3% for Q3
Industry committed to meeting evolving needs of consumers with wide range of products, says LIA
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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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