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CIS sees new premiums up by 23 per cent

Co-operative Insurance Society says the premiums it took from new life assurance, pension and unit trust business increased by 21 per cent to £231m in 1998.


It says the highlights of the year were the 38 per cent increase in sales from its unit trust arm and the successful launch in July of its new with-profits bond.


Monthly unit trust payments rose to £96m from £56m in 1997, lump sum unit trust investments dropped to £340m from £382m and with-profits bond investment totalled £190m.


Over £160m was invested in its new instant access savings account which was launched in February in association with the Co-operative Bank.

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