Number of life insurance policies Malaysia 2014-2023, by type

Published by
Amanda Siddharta,
Jun 25, 2024

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)

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Release date

March 2024

Region

Malaysia

Survey time period

2014 to 2023

Supplementary notes

Figures have been rounded.

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