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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