Annual premiums of life insurance companies in Malaysia 2014-2023

Published by
Amanda Siddharta,
Jun 25, 2024

In 2023, the annual premium of life insurance companies in Malaysia amounted to approximately 46.35 billion Malaysian ringgit, an increase compared to the previous year. Since the share of the population with a life insurance is still relatively low, the insurance industry in Malaysia still has a high growth potential.

Annual premiums of life insurance companies in Malaysia from 2014 to 2023 (in billion Malaysian ringgit)

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Release date

March 2024

Region

Malaysia

Survey time period

2014 to 2023

Supplementary notes

1 Malaysian ringgit is equal to 0.21 U.S. dollars and 0.20 euros as of June 2024.

Figures have been rounded.

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