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Insurance Industry Statistics Q2 2011

LIA has released its quarterly report on the life insurance industry for the second quarter of 2011. Sales for the industry is once again booming, but does that mean that Singaporeans are becoming more well insured?

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Perceived Cost vs Actual Price of Insurance

IM$avvy carried an article from The Business Times – What turns off Gen X and Gen Y on life insurance – which talks about the reasons why few Singaporeans aged between 20 to 40 wish to purchase insurance.

As stated by the article, a survey found out that most people are put off by insurance because of the high price tag they perceive insurance to carry.

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