Life insurance sector records single-digit growth in 2020, says LIAM | Malay Mail

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KUALA LUMPUR, May 17 — Malaysia’s life insurance sector recorded moderate single-digit growth in total in-force business in 2020, despite the challenging business landscape due to the Covid-19 pandemic. Life Insurance Association of Malaysia (LIAM) president Loh Guat Lan said total in-force...

Monday, 17 May 2021 05:59 PM MYT

“The total number of policies in force also recorded a marginal growth of 0.9 per cent to RM12.8 million units in 2020 from 12.7 million units in 2019,” she said in LIAM’s annual report 2020 released today. It said payment for disability and others recorded an increase of six per cent y-o-y and 13 per cent y-o-y, respectively.

 

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