Sales of new insurance policies up 30% in H1

More Singaporeans are buying insurance for savings and protection, and getting better coverage. A report by the Life Insurance Association shows new sales of single and annual premium policies jumped 30 per cent on-year in the first half of 2024. Total weighted new business premiums stood at S$2.86 billion, marking the sector's best half-year performance since the start of the COVID-19 pandemic. Richa Mathew reports.