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New sales in Singapore life insurance sector up 29% to S$1.25b in Q1
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Published Tue, May 11, 2021 · 09:50 PM
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Singapore
SINGAPORE'S life insurance industry recorded a total of S$1.25 billion in weighted new business premiums for the first quarter ended March, growing 29 per cent from the year-ago quarter.
This came amid a significant growth in the number of policies purchased online as well as a surge in the uptake of single premium products, said the Life Insurance Association, Singapore (LIA) in a press release issued Tuesday.
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