Industry Performance

CPF Funds Provide Mainstay for Growth

In the first quarter of this year, total new business premiums (weighted*) jumped significantly by 152% to $422 million, up from $167 million in the first quarter of last year. The increase was primarily due to the liberalization of the use of CPF members' Ordinary and Special Accounts since the beginning of this year.

Actual New Business Sales

Single Premium

A record of $3,395 million of new business single premium sales was registered for the first quarter of 2001...

-- Published 10 May 2001 --