Axa Sun Life has posted a 35 per cent increase in new business to 149.1m for the first quarter of 1999, compared to £110.4m for the same period in 1998.
Total new sales were up 31 per cent to £140.1m from £106.7m for 1998. But it was single premium business which showed the greatest growth, up 56 per cent to £904.7m from £579.5m for last year.
New regular premiums also increased 12 per cent on last year.
But regular premium business from IFAs was down by 5 per cent for the quarter compared to single premium business which jumped 74 per cent to £762m from £439m for the same period last year.