BDO Life Assurance Co. Inc. said it capped the third quarter of 2016 with P6.3 billion in total premium income, representing 24 percent growth from the same period last year.

In a statement on Monday, BDO Unibank Inc.’s wholly owned life insurance subsidiary said its individual life new business premiums posted a hefty 28 percent hike in terms of Annual Premium Equivalents (APE) while renewal premiums rose by 30 percent over last year.

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