The insurer issued 25 individual policies valued at over US$50m each in the city-state over the past 12 months.
Manulife Financial Corporation said it has sold a single US$300m life insurance policy in Singapore, fueled by demand from the high-net-worth (HNW) client segment. Over the last 12 months, Manulife Singapore issued 25 individual policies valued at over US$50m each That policy was an indexed universal life (IUL), the firm’s spokesperson told SRP, without elaborating on the product details. The latest single policy’s sales eclipsed the previous Guinness record of US$250m in 2024 s