Manulife Singapore has issued a single US$300 million life insurance policy, marking a significant milestone in the high-net-worth (HNW) insurance segment and reinforcing its position as a leading provider of large-scale wealth preservation solutions.
The policy was issued and underwritten by Manulife Singapore, underscoring the insurer’s ability to structure complex and sizeable legacy planning arrangements. The transaction highlights the increasing sophistication of HNW clients, who are seeking insurers with financial strength, cross-border expertise and the capability to support multi-generational wealth strategies.
Singapore’s political stability, strong regulatory framework and position as a regional financial hub continue to attract high-net-worth individuals and families. As wealth in Asia grows, insurers are seeing rising demand for customised protection, wealth accumulation and succession planning solutions.
Over the past 12 months, Manulife Singapore has issued 25 individual life policies valued at more than US$50 million each, reflecting sustained momentum in the HNW segment and a growing appetite for comprehensive legacy planning tools.
Manulife Singapore has built a longstanding presence in the HNW space, beginning with the launch of its Universal Life offering in 2010. It later introduced Variable Universal Life in 2017 and became the first insurer in Singapore to roll out Indexed Universal Life in 2019.
Recent product developments include:
With more than 125 years of service in Singapore and the global backing of Manulife, which manages approximately C$1.7 trillion in assets under management worldwide, Manulife Singapore continues to invest in underwriting capabilities, digital innovation and advisor support to deliver high-touch solutions for affluent clients.
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