Page 3 - LIAM Annual Report 2020

2020 LIFE INSURANCE INDUSTRY’S HIGHLIGHTS

In Force Sum Assured
Annual Premiums RM12.7 million In Force
2019

RM41.2 billion RM12.8 million RM1.6 trillion
2020
2019 2019
Number of
RM43.4 billion Policies In Force RM1.7 trillion

2020 2020
5.3% Policies 0.9% 4.3%

INCREASED BY INCREASED BY INCREASED BY

RM11.8 billion New Business RM471.3 billion
2019 - Number of Policies 2019
RM11.4 billion RM437.2 billion
2020 RM1.3 million 2020
New Business 2019 New Business
RM1.2 million
Total Premiums Sum Assured
2020
-3.2% -7.2%

DECLINED BY -7.1% DECLINED BY

DECLINED BY

Number of
Agents by Education Level 2020

Primary LCE/SRP MCE/SPM HSC/STPM College/University
156 1,126 40,148 3,045 37,567

Number of Number of Number of
Agents First Time Agents Agents by
Gender 17,809
2019
75,999 15,110
2019 2019 41,007 17,252
82,042 18,293 MALE 2020
2020 2020
Number of
Bank Staff Selling
41,035
FEMALE Life Insurance

Source: Life Insurance Association of Malaysia (LIAM)