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Singapore's life insurance business up 5% in first quarter
Life Insurance Association president says results encouraging
Published Tue, May 10, 2016 · 09:50 PM
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Singapore
SINGAPORE'S life insurance industry grew by five per cent year-on-year for the first three months of 2016, in terms of total weighted new business premiums - a metric the industry uses to measure its growth - to S$682.1 million.
This was partly due to the growth in sales of non-linked weighted single premium plans and higher sales of annual weighted premium products.
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