{"id":57124,"date":"2021-08-17T12:29:44","date_gmt":"2021-08-17T02:29:44","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=57124"},"modified":"2021-08-17T13:21:30","modified_gmt":"2021-08-17T03:21:30","slug":"individual-risk-income-market-sales-rise","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2021\/08\/17\/individual-risk-income-market-sales-rise\/","title":{"rendered":"Individual IP Sales Rise"},"content":{"rendered":"<p>Individual Income Protection inflows increased by 4.2 percent in the year to March 2021 while reported sales in this sub-market were up nine percent, compared to those recorded in the previous 12 months, according to a new report.<\/p>\n<p><a href=\"https:\/\/www.pflresearch.com\/\" target=\"_blank\" rel=\"noopener\">Plan for Life\u2019s<\/a> <em>Life Insurance Risk Premium Inflows &amp; Sales Year Ended March 2021<\/em> also found that in the Individual Risk Lump Sum Market (Term Life, Total &amp; Permanent Disablement and Trauma Insurance) Premium Inflows rose 2.9 percent while overall annual Risk Lump Sum sales were also up a little by 1.7 percent to $1.187 billion.<\/p>\n<p>A statement from the company says that life insurance risk market inflows rose by 1.2 percent over the year from $16.5 billion to $16.7 billion.<\/p>\n<p>Plan for Life also notes that Annual Risk Sales decreased by 15.4 percent due &#8220;&#8230; in particular to reported Group Risk Sales falling by 40.3 percent after more than doubling in the previous year.&#8221;<\/p>\n<figure id=\"attachment_57126\" aria-describedby=\"caption-attachment-57126\" style=\"width: 708px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/pfl3.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-57126\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/pfl3.png\" alt=\"\" width=\"708\" height=\"347\" srcset=\"https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/pfl3.png 708w, https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/pfl3-300x147.png 300w, https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/pfl3-696x341.png 696w, https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/pfl3-324x160.png 324w, https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/pfl3-533x261.png 533w\" sizes=\"auto, (max-width: 708px) 100vw, 708px\" \/><\/a><figcaption id=\"caption-attachment-57126\" class=\"wp-caption-text\">Courtesy of Plan for Life.<\/figcaption><\/figure>\n<figure id=\"attachment_57127\" aria-describedby=\"caption-attachment-57127\" style=\"width: 739px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/plan-for-life-2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-57127\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/plan-for-life-2.png\" alt=\"\" width=\"739\" height=\"320\" srcset=\"https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/plan-for-life-2.png 739w, https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/plan-for-life-2-300x130.png 300w, https:\/\/riskinfo.com.au\/news\/files\/2021\/08\/plan-for-life-2-696x301.png 696w\" sizes=\"auto, (max-width: 739px) 100vw, 739px\" \/><\/a><figcaption id=\"caption-attachment-57127\" class=\"wp-caption-text\">Courtesy of Plan for Life.<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Individual Income Protection inflows increased by 4.2 percent in the year to March 2021 while reported sales in this sub-market were up nine percent, compared to those recorded in the previous 12 months, according to a new report. Plan for Life\u2019s Life Insurance Risk Premium Inflows &amp; Sales Year Ended March 2021 also found that [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":57131,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-57124","post","type-post","status-publish","format-standard","has-post-thumbnail","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/57124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=57124"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/57124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/57131"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=57124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=57124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=57124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}