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Canada Life new business up nearly 50 per cent

Canada Life&#39s new business figures have increased by almost 50 per cent.


The new business figures excluding unit trust and Pep business were up 47.3 per cent on the previous year.


The life office says that individual protection business was up almost 50 per cent.


The launch of two high income bonds also helped to boost the figures. Single premium investment business increased 236 per cent. In this area IFA-sourced business increased over seven fold on 1997.

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