Individual annualized premium equivalent (APE) for the private sector was muted at 3% year-on-year (y-o-y) in December 2020 (base was a bit high), higher than 7.1% y-o-y decline in November but lower than 14% growth in October 2020. Overall APE growth was a tad higher at 5% y-o-y due to strong 60% y-o-y growth in group APE indicating likely pick up in credit protect business (disbursements by financial institutions were strong during the month).
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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