The landmark issuance follows surge in HNW demand.

Staff Reporter

, Singapore

Photo by Monstera Production via Pexels

The landmark issuance follows surge successful HNW demand.

Manulife Singapore has issued a azygous life security argumentation worthy $408m (US$300m), reflecting increasing request for high-net-worth wealthiness preservation and bequest readying solutions, according to a property statement.

In nan past 12 months, Manulife Singapore issued 25 individual policies exceeding $68m (US$50m) each.

Benoit Meslet, CEO of Manulife Singapore, said nan issuance shows clients’ spot successful nan institution and its expertise to negociate large-scale policies.

Manulife Singapore has expanded its high-net-worth offerings complete nan years, introducing Universal Life successful 2010, Variable Universal Life successful 2017, and Indexed Universal Life successful 2019.

Recent products see Signature Indexed Income, Signature Indexed Universal Life Select (III), and Signature Legacy Harvest, a USD participating full life scheme designed for wealthiness preservation, accumulation, and system wealthiness transportation crossed generations.

The institution has operated successful Singapore for complete 125 years and manages $1.57t (C$1.7t) successful world assets.

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