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News
Singapore life insurers post 21.4% growth in H1 premiums as disbursements rise
1+ hour, 24+ min ago (587+ words) Claims for critical illness, death and total permanent disability reach S$1.14 billion, rising 11.1% [SINGAPORE] The local life insurance industry saw double-digit growth in the first half of 2026, driven by a surge in demand for wealth accumulation policies amid a robust…...
CPF Life vs ILP: a false choice?
2+ mon, 4+ day ago (227+ words) Have you ever heard a financial adviser describe an investment-linked policy (ILP) as capital guaranteed on death? Genevieve Cua had, and her reaction was immediate. In her own words, she was appalled. What made it worse was discovering just how…...
Singapore life insurers pay out over S$5 billion in Q1, the highest for quarter since 2021
2+ mon, 4+ week ago (993+ words) [SINGAPORE] The local life insurance industry paid out S$5.08 billion in claims and maturity payouts to individuals and families in Singapore in the first quarter of 2026, marking the highest Q1 payout since 2021. The industry also recorded a 12.9 per cent year-on-year growth…...
Manulife issues record US$300 million life policy for a single client
5+ mon, 2+ week ago (138+ words) The sale reflects a nascent but growing use of insurance for legacy and succession planning among high-net-worth families [SINGAPORE] Manulife Singapore has issued a US$300 million life insurance policy for a single client, in what may be the highest-value policy…...
Singapore life insurance new business premiums surge 7.7% to nearly S$3 billion in H1 2025 while claims payouts fall 42%
11+ mon, 4+ week ago (853+ words) [SINGAPORE] The life insurance industry in the Republic recorded a total of S$2.99 billion in weighted new business premiums for the first half of 2025, representing a year-on-year growth of 7.7 per cent. This is considered the industry’s highest performance since the…...