Life Insurance Association has increased 38% this year
SINGAPORE – Singapore Life Insurance Association (LIA) on Thursday said that a total of S $ 941.5 million in the repair of weighted new business premium for the first half of this year. This represents an increase of 38 percent for the same period last year. LIA says that a good performance because of increased insurance products is sold.
Weighted regular premium sales of S $ 620.2 million experienced pertumbuhan31 percent during the same period last year. In addition, the business doubled single premiums by 54 percent to S $ 321.3 million. The total annual premium for group insurance business also experienced a growth of 17 percent compared with last year, which amounted to $671,000,000.
Going forward the company has begun a campaign of consumer awareness, a 13-week radio series that centered on the value of fact-find when consumers do not find a financial solution to problems such as financial protection, savings and investments. Consumers also can analyze the increase LIA website for information.
Tan Hak Leh as LIA President said that it aims to help financial advisors to become widespread and accepted by ordinary Singapore. Mr. Tan also said that the life insurance industry is constantly going to be an important stakeholder in producing a product suitable and appropriate advisor to its customers.