The long-term insurance industry attracted R50.2 billion in new individual life business last yea... R50billion spent on long-t
Commenting on the 2006 sales statistics released this week for the long-term insurance industry, LOA chief executive Gerhard Joubert said the increase in new business was heartening.
Joubert said total income for the life industry escalated by 23 percent to R201.9 billion last year compared with the R163.6 billion received in 2005.
Individual business consists of life, disability, dread disease and income protection policies, as well as endowments, retirement annuity funds, living annuities and compulsory annuities.
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