In 2020, the total number of new policies issued amounted to around 1.2 million units. Since the share of the population with a life insurance is still relatively low, the industry still has a high growth potential.
Number of life insurance policies in Malaysia from 2014 to 2020, by new business vs in force
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LIAM. (May 10, 2021). Number of life insurance policies in Malaysia from 2014 to 2020, by new business vs in force [Graph]. In Statista. Retrieved August 10, 2022, from https://www.statista.com/statistics/1078805/malaysia-life-insurance-policies-by-type-of-business/
LIAM. "Number of life insurance policies in Malaysia from 2014 to 2020, by new business vs in force." Chart. May 10, 2021. Statista. Accessed August 10, 2022. https://www.statista.com/statistics/1078805/malaysia-life-insurance-policies-by-type-of-business/
LIAM. (2021). Number of life insurance policies in Malaysia from 2014 to 2020, by new business vs in force. Statista. Statista Inc.. Accessed: August 10, 2022. https://www.statista.com/statistics/1078805/malaysia-life-insurance-policies-by-type-of-business/
LIAM. "Number of Life Insurance Policies in Malaysia from 2014 to 2020, by New Business Vs in Force." Statista, Statista Inc., 10 May 2021, https://www.statista.com/statistics/1078805/malaysia-life-insurance-policies-by-type-of-business/
LIAM, Number of life insurance policies in Malaysia from 2014 to 2020, by new business vs in force Statista, https://www.statista.com/statistics/1078805/malaysia-life-insurance-policies-by-type-of-business/ (last visited August 10, 2022)