KUALA LUMPUR, Feb 28 — The life insurance coverage business registers double-digit progress of 12.4 per cent or RM12.8 billion in new enterprise complete premiums in 2021 from RM11.4 billion in 2020.
In an announcement, Life Insurance coverage Affiliation of Malaysia (LIAM) president Loh Guat Lan stated the stronger efficiency of the life insurance coverage business displays the rise in consciousness amongst shoppers on the significance of life insurance coverage safety amidst the COVID-19 pandemic.
“The business recorded a more healthy efficiency pushed by the sturdy rebound of investment-linked insurance policies which rose 31.2 per cent to achieve RM6.6 billion