News

New business fell in Dec qtr

Thursday 8th of March 2012

 

For example, ISI figures show new business in the largest product category, term life insurance, fell to $23.5 million in the three months ended December compared with $25.3 million in the September quarter and $23.7 million in the December 2010 quarter.

Lapse rates at $23.6 million exceeded new business and was significantly higher than the $20.6 million recorded in the De...

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