Insurance

Recession fails to dent demand for risk products

Wednesday 3rd of June 2009

Risk insurance products, the most popular sector of life insurance, rose 11% to $1.365 billion for the 12 months ended in March 31, outstripping a total increase of 7.9% to $1.548 billion, the ISI said in its latest update on the sector.

Risk products such as income protection and trauma policies were more attractive in a downturn as people want more security in uncertain times, said Ian...

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