LIA Singapore logged $5.2b weighted premiums in 2025 up 11.3% on 2024.

Staff Reporter

, Singapore

/Lily Banse from Unsplash

LIA Singapore logged $5.2b weighted premiums successful 2025 up 11.3% connected 2024.

Investment-linked products (ILPs) made up nan largest stock of caller business for Singapore’s life security manufacture successful 2025, accounting for 44% of full weighted caller business premiums.

Participating (par) products contributed 24%, whilst non-participating (non-par) products made up 32%.

The Life Insurance Association, Singapore (LIA Singapore) reported that full weighted caller business premiums reached $5.2b (S$6.53b) for nan afloat year, up 11.3% from 2024.

Growth was chiefly driven by higher yearly premium sales. In nan 4th fourth alone, caller business premiums roseate 13.0% compared to nan aforesaid play a twelvemonth earlier.

ILPs recorded 27.8% year-on-year growth, expanding from $1,779.9m (S$2,253m) successful 2024 to $2,275.2m (S$2,880m) successful 2025.

Demand was supported by consumers seeking some security protection and finance returns done market-linked funds.

Regular-premium ILPs remained celebrated arsenic they let policyholders to put complete clip and negociate marketplace volatility.

Participating products grew 9.6% year-on-year, rising from $1,127.3m (S$1,427m) to $1,235.6m (S$1,564m). In contrast, non-participating products saw a 4.8% diminution successful contributions.

Financial advisor representatives generated 35.7% of weighted caller business premiums and accounted for 39.5% of policies sold.

Bank representatives contributed 32.9% of weighted premiums but 10.7% of policies. Tied representatives made up 28.2% of weighted premiums and 37.2% of policies.

Online nonstop channels accounted for 1.2% of weighted premiums and 10.0% of policies, whilst different products sold without intermediaries contributed 1.9% of premiums and 2.5% of policies.

As astatine 31 December 2025, insurers holding “Normal” licences contributed 99% of full weighted caller business premiums, whilst insurers operating nether “Defined Market Segments” licences made up nan remaining 1% for nan twelvemonth to day 4th fourth of 2025.

Employment successful nan life security assemblage fell 1.1% year-on-year to 9,411 arsenic astatine 31 December 2025.

Over nan aforesaid period, 12,389 representatives held exclusive contracts pinch companies operating tied-agency forces.

($1.00 = S$1.26)
 

Join Insurance Asia community

Since you're here...

...there are galore ways you tin activity pinch america to advertise your institution and link to your customers. Our squad tin thief you creation and create an advertizing campaign, successful people and digital, connected this website and successful people magazine.

We tin besides shape a existent life aliases integer arena for you and find thought leader speakers arsenic good arsenic manufacture leaders, who could beryllium your imaginable partners, to subordinate nan event. We besides tally immoderate awards programmes which springiness you an opportunity to beryllium recognized for your achievements during nan twelvemonth and you tin subordinate this arsenic a subordinate aliases a sponsor.

Let america thief you thrust your business guardant pinch a bully partnership!