Life insurance
India’s GST cut may lower health, life insurance costs
India’s GST cut may lower health, life insurance costs
Currently, an 18% GST is applied to premiums for health and life insurance.
MetLife appoints new head for insurance assets
O’Brien will oversee investment strategies for MetLife’s $414.1b general account.
Top 50 list shows worsening dip in Singapore’s insurance premiums
The thriving nonlife business offset life insurance’s poor showing in 2023.
Aussies three times more likely to insure cars than themselves: survey
Whilst almost 80% have car insurance, only one-third hold life insurance.
Shanta Life Insurance begins operations in Bangladesh
The country's insurance penetration remains low at 0.4%.
China's personal insurance sector to grow 5% to 10% annually
Pension and health products are expected to account for 50% of the market by 2035.
AIA’s medical plan introduces first-in-market rewards system
The plan integrates Signature Healthcare Circle, concierge services, and personalised health programmes.
InLife’s retirement plan guarantees monthly payout
The plan also includes a life insurance component.
Cambodia’s life insurance policies doubled in October
The industry saw $25m in gross premiums for the month.
7 in 10 Gen Zs doubt health in old age
Prudential emphasised the role of financial planning to manage future healthcare costs.
Global insurance market to hit $28.5t by 2032
Technology advancements may be lucrative for market players.
Allianz General Malaysia Q3 revenue rises, motor segment expands
Total assets grew 7.8% YTD to $6.15b.
Singapore’s life insurance slated for $43b premiums in 2029
Due to the ageing population, health awareness, and consumer spending.
Only 14% of rich people prioritise life insurance despite awareness
41% of SEA saw potential family disputes from lack of a plan as top concern.
Global life risk protection grows at 2.7% annually
Demand for protection products shows less sensitivity to interest rate changes.
114 million Indonesians insured in H1 2024, up 28.4%
Bancassurance generated the highest premium income at $2.33b.
Life insurance premiums forecast to grow by 3% yearly until 2026
Global life insurance premiums are expected to rise to $4.8t by 2035.
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