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Tower tops $1B in premiums in Australia

In the June 2010 quarter Tower Australia’s in-force premium level topped $1 Billion for the first time. Tower is now one of only four life insurance companies in Australia to achieve this milestone. Out of the four, Tower is the only non-bank specialist life insurance provider. Tower now provide life insurance to around 2.5 million Australians and pays $1M in claims every working day.