Life insurance industry registers double-digit growth of 12.4% or RM12.8 billion in new business total premiums in 2021
Kuala Lumpur, 28 February 2022 - The Life Insurance Association of Malaysia (LIAM) recorded an overall stronger performance with a double-digit growth of 12.4% in its new business total premiums in 2021 as compared to 2020. For the financial year ended December 2021, the industry recorded RM12.8 billion in new business total premiums from RM11.4 billion in 2020. The stronger performance of the life insurance industry reflects the increase in awareness among the consumers on the importance of life insurance protection amidst the COVID-19 pandemic.
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