1 in 2 S’poreans turn to insurance for financial security

For 2025, 22% of residents are expected to spend more on insurance.

In Singapore, 1 in 2 residents rely on insurance for financial security, AIA reported.

For 2025, 22% of residents are expected to spend more on insurance, whilst 62% intend to maintain their spending on insurance.

According to AIA, the top three financial priorities for Singaporeans are savings (62%), a stable income (57%), and emergency funds (52%).

Meanwhile, inflation and cost of living (50%) remain the top economic concern amongst the population, followed by worries over job security (35%) and income levels (34%).

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