Life insurance sales jump 24% in first half

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#1
It should be a good news, an improvement over under-insured issue previously...Big Grin

Life insurance sales jump 24% in first half

SINGAPORE – The Republic’s life insurance industry is confident that growth momentum will remain healthy for the rest of the year, after rising consumer and market sentiment led to a jump in new premiums in the first half, overcoming a challenging start in the earlier part of the year.

Life insurance sales grew at a rapid pace between January and June, with weighted new business premiums climbing 24 per cent to hit S$1.3 billion from a year earlier, driven by robust sales across all product lines, the Life Insurance Association of Singapore (LIA) said yesterday.

Sales of regular premium products were particularly strong, rising 31 per cent to S$983.8 million during the period. Sales of single premium products also increased by 7 per cent to S$314.2 million.

http://www.todayonline.com/business/life...first-half
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#2
I don't think so. I highly suspect it due to the sale of the "retirement" range of products that recently launched last year and this year. I personally bought one, so I know how much they cost. They are "regular premiums" products...

This kind of products don't come with high cover, so the LIA can continue to write about their "underinsured" stories...
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