Business premiums for life insurance totals $4.7b in 9M: LIA

Firms spent $2.3b in life and health policies for workforce.

Singapore’s life insurance industry recorded a total of $4.76b in new business premiums from January to September 2025, an increase of 10.4% compared to the same period last year, the Life Insurance Association, Singapore (LIA Singapore) said.

Meanwhile, group life and health policies grew 15% year on year to record a total of $2.83b in the third quarter.

Group accident and health policies accounted for 74.5% of total in-force premiums, whilst group life policies took the remaining 25.5%, the LIA said.

Growth in in-force premiums shows Singapore companies’ commitment to staff protection, the LIA added.

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