Life insurance policy sales well down on last year

Life insurance companies have 630,000 fewer clients than they had in the first quarter of last year. According to a report complied by the Insurance and Pension Fund Supervisory Office, insurers' heaviest losses were in the individual client sector. Moreover, the situation regarding investment fund life insurance policies also gives little hope of an immediate rebound. According to the watchdog, the aforementioned sector has lost 823,500 clients. However; despite the ominous trend, the total value of life i nsurance policies sold in the respective period was zł. 310 million, mainly thanks to tax-free bank deposits and group health insurance policies. According to the report, one of the most lucrative sectors in insurance has been health and accident insurance sold together with group life insurance policies, where 199,000 new contracts were signed in Q1 of this year. This means that 3.74 million new workers have been insured by their employers. (Parkiet, p. 7) J.K.