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ST Explains: What Singapore IP insurers’ numbers say about how premiums will rise

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The widely expected move by the IP insurers comes ahead of the end of a moratorium on IP premium increases.

The widely expected move by the IP insurers comes ahead of the end of a moratorium on IP premium increases.

PHOTO: ST FILE

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SINGAPORE – If the latest data on the health of the seven Integrated Shield Plan (IP) insurers in Singapore is anything to go by, some policyholders may have to pay more in the months to come, particularly as the population rapidly ages.

Market observers said the insurers have been gearing up to raise premiums of IPs and riders.

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