The group life market is gearing up for a substantial boost in sales following the introduction of stakeholder earlier this year, writes Ben Marquand
Sales of group life insurance have been growing slowly over the last five years, but the introduction of stakeholder pensions in April this year is widely predicted to be the catalyst for a significant boost in the market. However, its effect will not be known for at least another six months. According to GE Frankona Re, premium income rose by 7% to £649m in 2000, which was a comparable rise to reported increases in preceding years. However, this has been largely attributed to an increase in premium rates rather than an increase in the number of policies sold. Paul Casey, marketing ...
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