In 2023, the total number of policies from new insurance business issued in Malaysia amounted to around 1.23 million units, a decrease compared to the previous year. Since the share of the population with a life insurance is still relatively low, the insurance industry still has a high growth potential.
Number of life insurance policies in Malaysia from 2014 to 2023, by type of business
(in million)
Characteristic
New Business
Total Business In Force
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LIAM. (March 22, 2024). Number of life insurance policies in Malaysia from 2014 to 2023, by type of business (in million) [Graph]. In Statista. Retrieved August 25, 2024, 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 2023, by type of business (in million)." Chart. March 22, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1078805/malaysia-life-insurance-policies-by-type-of-business/
LIAM. (2024). Number of life insurance policies in Malaysia from 2014 to 2023, by type of business (in million). Statista. Statista Inc.. Accessed: August 25, 2024. 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 2023, by Type of Business (in Million)." Statista, Statista Inc., 22 Mar 2024, 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 2023, by type of business (in million) Statista, https://www.statista.com/statistics/1078805/malaysia-life-insurance-policies-by-type-of-business/ (last visited August 25, 2024)
Number of life insurance policies in Malaysia from 2014 to 2023, by type of business (in million) [Graph], LIAM, March 22, 2024. [Online]. Available: https://www.statista.com/statistics/1078805/malaysia-life-insurance-policies-by-type-of-business/