By Lorna Tan

AFTER four consecutive dismal quarters, the life insurance industry reported an upturn in new business sales in the three months ended June.

During this period, the industry achieved a 39 per cent surge in total new premiums to $1.13 billion compared to $818 million in the first quarter of this year.

An optimistic president of the Life Insurance Association (LIA) Darren Thomson believes that the latest sales figures are an indication that continued recovery is in sight.

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