Strong growth for Singapore's life insurance sector in first half
Healthy sales across all product lines helped Singapore's life insurance sector to strong growth in the first half of this year.
For the first six months of the year, the Life Insurance Association (LIA) said the weighted new business premiums came in at $1.298 billion, an increase of 24 per cent compared to the same period a year ago.
Sales of regular premium products for the six months to June 30 rose by 31 per cent on-year to $983.8 million.
As for sales of single premium products, they went up by 7 per cent in the same period to $314.2 million.