Magazine date:
Apr 2009 According to the Life Insurance Association of Malaysia (LIAM), life insurance is rather in good health. The turnover of personal life products has amounted to 2.5 billion MYR (719 million USD) in 2008, that is, a progression of 19.1%.
Group life products have also reported a significant 18% growth with an overall premium volume of 2.14 billion MYR (615 million USD).
Only life investment-related products have suffered from the economic slowdown. With 2.48 billion MYR (713 million USD), the underwriting of these products is declining by 32.6% in comparison with 2007.