Insurance

Travellers stranded by war learn insurance won’t cover flight cancellations

The crisis is exposing a gap in the travel insurance market: nearly all policies exclude war-related claims

The central bank says the new guidelines aim to support financial institutions in building “effective risk assessment and risk management capabilities for better resilience against climate-related risks”.

MAS expands environmental risk management guidelines for financial institutions

They will take effect from September 2027, and comprise specific suggestions for banks, insurers and asset managers

MOH says advances in medical science mean some preventive treatments for high-risk patients are now considered medically necessary.
SINGAPORE BUDGET 2026

Budget 2026: MOH to extend MediShield Life to selected preventive surgeries, revamp MediSave scheme

An AI tool to help doctors flag Healthier SG enrollees at high risk of chronic disease will also be rolled out

From left: Abby Leung, group head of high net worth, Greg Hingston, group chief executive officer; Soon Tit Koon, chairman; and Kwek-Perroy Li Choo, managing director of group integrated propositions and platforms.

Great Eastern expands focus on HNW segment with new offerings

The launch of Great Eastern Private comes as wealth transfers gather pace across Asia amid heightened geopolitical and market uncertainty

The Singlife Legacy Indexed Income, a whole-of-life, non-participating universal life plan, “offers growth potential alongside highly customisable income streams”, says Singlife.

Singlife offers new indexed universal life plan amid growing HNW demand

The launch comes amid growing appetite for UL plans, fuelled by rising wealth creation across Asia-Pacific

Large policies like indexed universal life are a tool in legacy planning as their cash payout makes it possible to equalise the distribution of an estate to heirs, unlike real estate or a business.
MIND THE GAP

Indexed universal life plans hit the sweet spot among wealthy and mass-affluent clients

Demand for such jumbo policies is driven by rising wealth creation in Asia-Pacific

Carlton Crabbe, chief executive of Capital for Life, says most problems in indexed universal life arise not from fees, but from unrealistic expectations or clients failing to fund the policy consistently and on time.

Points to consider before you commit to an indexed universal life plan

It is important to revisit the plan periodically, and ensure that you are able to consistently fund the premiums

For FY2025, profit from the shareholders’ fund surges 48% on the year to S$390.9 million.

Great Eastern posts 79% jump in Q4 profit to S$241.4 million, boosts HNW focus

The board proposes final dividend of S$0.30 per share for the financial year ended December

Benoit Meslet, CEO of Manulife Singapore, expects "double-digit growth" annually in the segment of high-net-worth insurance.

Manulife issues record US$300 million life policy for a single client

The sale reflects a nascent but growing use of insurance for legacy and succession planning among high-net-worth families