Life insurance industry registers healthy growth in 2019

By DALJIT DHESI

Life Insurance Association of Malaysia (LIAM) president Loh Guat Lan

KUALA LUMPUR: New business total premiums for life insurance rose by 14.19% to RM11.8bil last year compared with RM10.3bil in 2018, according to the Life Insurance Association of Malaysia (LIAM).

Traditional business, investment-linked and group business recorded strong growth at 30.12%, 11.05% and 10.79% respectively.

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Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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LIAM , Life Insurance Association of Malaysia

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