New Q1 sales in Singapore life insurance sector grows 10%
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Vivienne Tay
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Singapore
NEW business in Singapore's life insurance industry, in terms of total weighted premiums, grew 10 per cent to S$965.8 million for the first quarter from January to March 2020, from S$877.8 million a year ago.
This comes as more consumers took action to secure their financial future in view of Covid-19's drastic impact on the global and local markets, said the Life Insurance Association, Singapore (LIA) on Friday.
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