There are different insurance plans to suit different people and their needs. The Life Insurance Association of Singapore (LIA Singapore) has released Singapore's life insurance industry results from January to September 2011.
Here's a look at the breakdown of the different types of insurance products sold:
From January to September this year, the total weighted new business premiums (life insurance and health insurance) registered $1,464 million.
Out of this,$783 million (54%) of the insurance products sold were participating policies; $326 million (22%) were investment-linked insurance plans; and $355 million (24%) were non-participating insurance policies.
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