Singapore life insurers pay out more than S$15 billion in first 9 months of 2026

Résumé détaillé

Maturity benefits account for three-quarters of payouts; ILPs make up 46% of new business weighted premiums

Maturity benefits account for three-quarters of payouts; ILPs make up 46% of new business weighted premiums

[SINGAPORE] Life insurers in Singapore paid out more than S$15 billion in insurance claims and maturity benefits in the first nine months of 2026. Policy maturities accounted for the bulk of payouts, followed by claims for healthcare and other forms of insurance protection.

Maturity benefits comprised about 74 per cent of total payouts, or S$11.2 billion, while claims under individual health policies amounted to some S$2.2 billion, according to figures released by the Life Insurance Association of Singapore (LIA) on Thursday (Nov 12).

A further S$1.7 billion was paid out under individual life policies for critical illness, death and total permanent disability. Critical illness claims alone amounted to S$756 million.

Of the S$2.2 billion in health insurance claims, S$2.1 billion came from Integrated Shield Plans (IPs) and their riders, with IP riders accounting for 24.1 per cent. The remaining S$115.2 million was paid under other medical plans and riders.

Claims under IPs and their riders rose 6.7 per cent quarter on quarter, from S$695.1 million in Q2 to S$742 million in Q3.

Separately, the industry recorded a 15 per cent year-on-year increase in total weighted new business premiums in the first nine months of 2026 to S$5.5 billion, a rise that LIA attributed to strong economic momentum. In Q3 alone, weighted new business premiums rose 4.2 per cent year on year to S$1.8 billion.

Find out how enterprises are navigating power constraints and sustainability targets

Investment-linked policies (ILPs) accounted for an increasingly large share of new business. New business weighted premiums from ILPs rose 22.6 per cent year on year to S$2.5 billion in the first nine months.

Début de l'article, extrait de The Business Times. Pour lire la suite, ouvrez l'article chez le média.