New Q1 sales in Singapore life insurance sector grows 10%

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.