India's life insurance market is growing, but the gains are not translating into wider coverage, with active individual policies remaining largely flat despite a sharp rise in bank account ownership, according to a McKinsey report.
Aviva Life has partnered with Wizz Financial Group through its premier travel and lifestyle service provider, Wizz Holidays, powered by Wizzmoni Financial Services. The partnership aims to expand access to life insurance and critical illness protection for customers across Wizz Financial's ecosystem.
Chubb Life Hong Kong has launched the Chubb MyLegacy Multi-Currency Insurance Plan, which offers a customised life event settlement option and can be convertible to another currency.
India's insurance regulator's proposed insurance distribution reforms will accelerate companies' scaling up of their agency channels whilst introducing steep caps for general and health insurance, according to Nomura's Global Markets Research team.
Singlife has launched Singlife Heritage Reserve, a US dollar-denominated participating whole-of-life insurance plan designed for long-term wealth accumulation, legacy planning, and multi-generational wealth transfer.
Preparing the next generation to manage inherited wealth is becoming a key concern for Asian families, according to a new Sun Life Asia study.
Prudential Singapore has announced that customers will be able to access wealth accumulation products such as unit trusts through its tied-agency financial representatives in 2027.
Tata AIA Life Insurance has launched Tata AIA Shubh SIP, a unit-linked insurance plan (ULIP) designed to integrate wealth creation, life protection, and retirement planning into a single solution.
Sun Life Hong Kong has launched a new premium healthcare ecosystem aimed at providing patients with structured administrative and medical support before treatment begins.
Life insurance advisers may have an opportunity to add more value after a policy is sold, as new research points to a significant gap in clients' understanding of the coverage they already own.
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