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Life insurance industry sees 20% rise in new business in H1

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Published Mon, Aug 13, 2018 · 09:50 PM

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    Singapore

    THE life insurance industry posted a robust performance in the first half of this year, boosted by strong sales of investment-linked plans and a positive attitude towards protection and retirement needs.

    Weighted new business premiums jumped 20 per cent to S$2.02 billion from the same period in 2017, according to a half-yearly review by the Life Insurance Association Singapore (LIA) out on Monday.

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