TABLE L11: LIFE INSURANCE: SELECTED INDICATORS OF SINGAPORE INSURANCE FUNDS               
                             FOR THE YEAR ENDED 31ST DECEMBER 2001                                                
                                                                                                                  (PER CENT) 
  -------------------------------------------------------------------------------------------------------------------------- 
                              NEW SUMS   NEW ANNUAL                                                                                  
                              INSURED     PREMIUMS                                                                                   
                                AS A        AS A                                                                                     
                             PERCENTAGE  PERCENTAGE                                                                                  
                              OF SUMS    OF ANNUAL    GROWTH RATE        COMMISSION RATE      EXPENSE RATE                           
                              INSURED     PREMIUMS    OF BUSINESS     ---------------------  ----------------                        
                              IN FORCE    IN FORCE     IN FORCE         INDIVIDUAL    GROUP                  
   										     (see 3)  AGENCY
                                 AT          AT    -----------------  -------------- -------  RELATED MANAGEMENT   2-YEAR    
                             BEGINNING   BEGINNING   SUMS    ANNUAL   FIRST                   EXPENSE  EXPENSE   PERSISTENCY 
             COMPANY          OF YEAR     OF YEAR  INSURED  PREMIUMS   YEAR  RENEWAL          RATE      RATE        RATE
     								     (see 1) (see 2)          (see 4)  (see 5)     (see 6) 
                                (1)         (2)      (3)      (4)      (5)     (6)     (7)      (8)      (9)        (10)            
  -------------------------------------------------------------------------------------------------------------------------- 
  DIRECT INSURERS                                                                                                                    
  ===============                                                                                                                    
    AIA                         13.54       8.28    10.20      3.33    62.72    8.35   12.12    0.74     2.91       92.8                    
    ASIA LIFE                   27.60      17.36    35.17     12.41    75.58    6.74   11.61    0.18     3.53       98.1                     
    AXA LIFE                    25.74      22.37    24.59     15.56   285.02    9.20   16.70    1.14    10.03       95.7
               
    CHINA LIFE                   0.00       0.00     0.00      0.00        -    0.00       -    0.00   956.45          -                   
    GREAT EASTERN LIFE          11.89       3.03     7.94     -4.69    65.36    2.42    0.35    0.26     1.60       95.5     
    ICS                         13.45      12.06    10.73      8.32    86.37    3.72    8.03    0.18     4.62       98.7              

    JOHN HANCOCK                26.70      10.53    18.98      5.26    66.16    8.11       -    1.24     2.67       94.2              
    KEPPEL                      15.43       8.90    11.39      2.26    71.37   10.21   11.04    0.34     2.89       92.8
    NTUC INCOME                 18.55      11.29    16.08      7.39    79.41    2.21    1.55    0.00     2.36       92.8              

    OAC                         36.86      10.86    23.19      3.30    72.06    3.80    6.89    0.01     1.69       85.4              
    OUB MANULIFE                15.65      16.18     4.54     10.81    88.64    7.65   31.32    1.48     5.40       85.6 
    PRUDENTIAL                  15.45      12.54    11.72      8.63    76.21    8.37    2.69    0.85     2.08       92.1              

    UOB LIFE                    32.56      37.91    23.32     31.26    12.46    0.73    8.09    0.37     0.73       94.6               
  


    REINSURERS                                                                                                            
    ==========                                                                                                            
    ALLIANZ AG                      -          -        -         -        -       -       -       -        -          -           
    COLOGNE RE                  39.05     134.17   -31.33    143.81     6.51   69.99   62.36    0.00     3.25          -           
    GE FRANKONA REASSURANCE      7.82      22.64     0.43      8.12    12.44       -    0.17    0.00    39.45          -
               
    GERLING GLOBAL RE          291.99     554.72    43.34    350.27    50.00    0.00    0.00    0.00     0.47          -           
    LE MANS RE                 543.71     383.60   121.80     37.24        -       -   -2.80    0.00    20.87          -           
    MUNICH RE                   26.80      11.92    42.54    -14.19     7.96   28.87   12.28   12.24     1.22          -
               
    PARTNER RE                  90.74      61.81    -9.74    -39.02     4.24       -    0.00    0.00     6.11          -            
    SCOR                        40.02     218.68   -64.01     29.02    20.97    0.00   -0.75    0.00     6.84          -           
    SWISS RE                    20.81      13.05    18.14     13.18        -   40.33   40.33    0.00    10.56          -           




    Notes:    1. First Year Commission Rate = First Year Commissions As A Percentage Of First Year Premiums For The Year. 
                
	      2. Renewal Commission Rate = Renewal Commissions As A Percentage Of Renewal Premiums For The Year.                          

              3. Group Commission Rate = Group Commissions As A Percentage Of Group Premiums For The Year.                                

              4. Agency-Related Expense Rate = Agency-Related Expenses As A Percentage Of Premium Income For The Year.                    

              5. Management Expense Rate = Management Expenses As A Percentage Of Premium Income For The Year.                            

              6. 2-Year Persistency Rate = Percentage Of Premiums In Force At The End Of One Year After The Year Of Issue.