Life insurance industry records a 3.2% and 7.2% decline in new business total premiums and new business sum assured respectively for 2020

Kuala Lumpur, Wednesday, 31 March 2021 – For the year ended 31 December 2020, the life insurance industry records a slight declined of 3.2% in new business total premiums from RM11.8 billion in 2019 to RM11.4 billion in 2020.   The overall new business sum assured also declined by 7.2% from RM471.3 billion in 2019 to RM437.2 billion in 2020.

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