Insurance life new business growth
PETALING JAYA: New business premiums for life insurance is projected to grow between 3% and 5% this year but much will depend on how fast the economy recovers.
RAM Rating Services Bhd co-head of financial institution ratings Sophia Lee (pic) expects sustained demand for investment-linked (IL) policies as well as the uptick in mortgage insurance contracts, due to the impetus from extended Home Ownership Campaign, to support the industry’s new business growth of 3% to 5% in 2021.
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