News Life and Health09 Mar 2021

Singapore:Take-up rates fall in deferred premium payment scheme

| 09 Mar 2021

Approximately 41,000 applications were received in 2020 under the industry-wide Deferred Premium Payment (DPP) scheme, accounting for approximately 0.3% of total in-force policies as of 31 March 2020, says the Life Insurance Association, Singapore (LIA Singapore).

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