Manulife Singapore issues record-breaking $408m single life insurance policy

The landmark issuance follows surge in HNW demand.

Manulife Singapore has issued a single life insurance policy worth $408m (US$300m), reflecting growing demand for high-net-worth wealth preservation and legacy planning solutions, according to a press statement.

In the past 12 months, Manulife Singapore issued 25 individual policies exceeding $68m (US$50m) each.

Benoit Meslet, CEO of Manulife Singapore, said the issuance shows clients’ trust in the company and its ability to manage large-scale policies.

Manulife Singapore has expanded its high-net-worth offerings over the years, introducing Universal Life in 2010, Variable Universal Life in 2017, and Indexed Universal Life in 2019.

Recent products include Signature Indexed Income, Signature Indexed Universal Life Select (III), and Signature Legacy Harvest, a USD participating whole life plan designed for wealth preservation, accumulation, and structured wealth transfer across generations.

The company has operated in Singapore for over 125 years and manages $1.57t (C$1.7t) in global assets.

Follow the link for more news on

Manulife

High Net Worth Individuals

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia