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Singapore Life Insurance Premium Income Increases

Singapore Life Insurance Premium Income Increases

The best immigration news regarding the increase in Singapore life insurance premium income can be found on the Worldway Immigration official website.

世贸通5535 reads

Follow Singapore Immigration and stay updated on Singapore current affairs: The latest statistics from the Life Insurance Association, Singapore show that the total weighted new premiums for the full year of 2013 in Singapore increased by 28% compared to the previous year, reaching 2.8 billion SGD, setting a new record for premium income in the local life insurance business. Among these, the weighted new premiums for annual premium products were 2.1 billion SGD, a year-on-year increase of 31%. The weighted new premiums for single premium products were 700 million SGD, a year-on-year increase of 20%.

 

Singapore Life Insurance Premium Income Increases

 

The head of the Life Insurance Association, Singapore believes that the industry as a whole has strong sales momentum, which drove the growth in premium income for the entire year, and the increase in sales of annual premium products indicates a relatively stable market environment.
 

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