Sun Life Singapore has launched two new Indexed Universal Life (IUL) products for high net worth and ultra-high net worth clients.
Singapore's high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals are expected to continue placing their trust in HSBC Life, AIA, and Prudential as the most reliable insurance providers in 2025.
Price Forbes has appointed Mr Eric Wang as head of affinity, Singapore.
Singapore's Marina Bay Sands recently welcomed scholars, practitioners, and policymakers from around the world for the 20th Conference on International Longevity Risk and Capital Market Solutions (L20). The milestone event, hosted by Nanyang Business School (NBS) at Nanyang Technological University, brought together global experts to address one of the most pressing challenges facing societies worldwide: managing longevity risk in an aging world.
Within its health and benefits (H&B) business in Southeast Asia, WTW has appointed Mr Fong Han Wei as head of H&B, Singapore Mr Lim Choo Ho as head of H&B, Malaysia.
The Singapore government has accepted the CareShield Life Council's recommendations for the CareShield Life 2025 Review of higher payouts from 2% to 4%, with greater support to cushion the resulting premium increases.
Singlife has launched a new critical illness plan that offers one of the highest payouts for recurrent conditions in the market.
Slightly more than half (51%) of Gen Zs are optimistic about their future in the next 60 years, and are confident they will be able to retire well and pay for their daily necessities, healthcare and other expenses, a poll commissioned by Prudential Singapore, titled 'SG60 Financial Future Poll', found. The majority of Gen Z respondents, though, do not have a retirement funding plan.
Baby Boomers (people aged 55 and above) regret not planning for retirement earlier, according to a survey -- 'SG60 Financial Future Poll' -- commissioned by Prudential Singapore.
The biggest worry of Singaporeans is the high cost of living (according to 75% of respondents to a survey), followed by healthcare costs (56%) and insufficient income growth (50%).