Singapore: Life insurers record highest first-quarter payouts since 2021
Source: Asia Insurance Review | Jun 2026
Life Insurance Association Singapore (LIA Singapore) said Singapore’s life insurance industry disbursed S$5.08bn ($3.8bn) in claims and maturity benefits during the first quarter of 2026, the largest first-quarter payout recorded since 2021.
The industry body released the figures as part of its latest quarterly performance update, highlighting continued growth in both customer payouts and new business activity.
According to LIA Singapore, total weighted new business premiums rose 12.9% year on year to S$1.67bn in 1Q2026, compared with S$1.48bn during the same period last year. The increase represented an additional S$191m in new business sales.
The Association said Singapore’s life insurance industry paid out S$555m in claims related to critical illness, death and total permanent disability during the first quarter of 2026, covering 5,507 successfully claimed individual life insurance policies.
Overall, the industry paid out S$2.87bn in health insurance claims in 2025, supporting policyholders’ access to timely medical treatment while reducing out-of-pocket healthcare expenses. A