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60% of insured travellers are parents and seniors boosting medical protection uptake.
The sector expected to expand at a 6.05% compound annual rate through 2031.
SP Global Ratings suggests MSAD may avoid large investments for at least 2 years.
Manulife and Mahindra Mahindra appointed Suresh Agarwal as CEO designate.
The plan is described as non participating universal life designed to provide income through indexed crediting.
He joined the firm in September 2025 and brings over 15 years in health benefits work.
Net premiums written increased 4.4% year on year to $13.4b for the quarter.
Insurance earnings slid 32% YoY.
The appointment takes effect 1 March from the insurer Singapore branch.
The plan blends guaranteed and variable income components for lifetime retirement payouts.
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