Healthy sales across all product lines helped Singapore's life insurance sector grow in the third quarter.

The Life Insurance Association (LIA) said the weighted new business premiums came in at $750.9 million for the three months to Sept 30, an increase of 34 per cent compared with the same period a year ago.

Sales of annual premium products for the quarter rose 33 per cent over last year to $541.9 million.

Single premium product sales rose 36 per cent in the same period to $209 million.

With the economy turning around, the industry is expected to see new sales growth as the year closes.

LIA president Khoo Kah Siang said: "Growth in both annual premium and single premium products is indicative of encouraging market sentiment and strong consumer confidence in life insurance."