'High-level growth' of life cover outside of registered pensions

Expected group life policies (EGLP) sums assured increased 176% since 2013 and the total number of relevant life policies grew 47.9% during 2017, Swiss Re's Expected Group Life and Relevant Life Policies report has revealed. EGLP premiums increased by 146% since 2013 and a total of 7,130 EGLP policies were recorded at the end of 2017 (782,674 people covered), while pension lump sum death benefits have grown 19% since 2013 and premiums increased by 17% - EGLP represented 8.3% of all people covered across lump sum death benefits, registered pensions and EGLP at the end of last year. Acc...