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Life insurance industry grew 9% in Q4, and 8% in 2015

Growth lifted by the sale of non-linked, weighted single-premium plans

Mr Khoo Kah Siang, who heads the Life Insurance Association Singapore, said the industry recorded healthy growth across all types of businesses, and provided protection cover totalling S$101.2 billion in 2015.


SINGAPORE'S life insurance industry expanded 9 per cent year-on-year in Q4 2015 to S$832.2 million in terms of total weighted new business premiums, which is a metric the industry uses to measure its growth.

This progress was lifted by the sales of non-linked weighted...