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Singapore life insurers post 21.4% growth in H1 premiums as disbursements rise
['Shikhar Gupta']
The Business Times
This compared to about S$6.4 billion in life and maturity payouts in the first half of 2025.
Claims for critical illness, death and total permanent disability reached S$1.14 billion, reflecting an 11.1 per cent year-on-year increase from S$1.03 billion.
Concurrently, the industry recorded a 21.4 per cent year-on-year expansion in total weighted new business premiums, accelerating to S$3.63 billion from S$2.99 billion in the same period last year.
Financial adviser (FA) representatives and tied representatives collectively facilitated 79.4 per cent of all new policies, totalling 504,951 policies, in H1 2026.
FA representatives were the primary driver of premium value, logging a 35.9 per cent year-on-year growth in total weighted new business premiums to hit S$1.35 billion.