Life sales up 14%: SLIA

Sales of life insurance in the Singapore market have seen a 14 percent hike in the new premiums recorded, according to figures supplied by the Singapore Life Insurance Association.

The Association has announced that from the period January-March 2018, new premiums accounted for SGD925.1 million (USD6980 million), a 14 percent spike from the previous year. Linked policies recorded the highest growth in total weighted premiums of SGD208 million with an 82 percent increase from the first quarter in 2017.