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The life insurance industry has recorded a premium income of Rp 94.43 trillion in 2011, up 24.28% from Rp 75.98 trillion in the previous period.Chairman of the Life Insurance Association of Indonesia (AAJI) Hendrisman Rahim said the premium income is supported by new business, which could rival the traditional premium unit-linked premiums.The new production of premium income (new business premium) until the end of last year reached Rp 67.65 trillion, up 28.4% from the previous Rp 52.6 trillion.While traditional business recorded new premium growth of 71% to Rp 33.9 trillion. While the new business premium of Rp 33.73 trillion linked unit, edged up 2.68% from Rp 32.85 trillion.On the other hand, advanced premium income of about Rp 26.78 trillion. Follow-up unit linked premium income still dominates, with a contribution of Rp 15.24 trillion. Premiums continued to Rp 11.53 trillion traditional.
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