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Singapore Reports Robust Sales in Insurance Products

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Singapore Reports Robust Sales in Insurance Products

by CFO Innovation Staff, 06 August 2010
topics:
Finance and Banking Insurance
tags:
life insurance Life Insurance Association
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Demand for life insurance products remains strong in Singapore with new business premiums registering a 34% growth to S$2.61 billion, reports the Straits Times.

 

Quoting the the Life Insurance Association (LIA), the Times reports that single premium sales surged to $2.09 billion, up 36%. The Central Provident Fund Investment Scheme accounted for $464 million of these sales. Regular premium sales, which include traditional life products and investment linked insurance policies, soared 26% to $518 million.
 

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Life insurance sales up 34%
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CFO Innovation Staff
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