Manulife Singapore has issued a single US$300 million life insurance policy, marking a significant milestone in the high net worth insurance segment. The policy was issued and underwritten by the Singapore entity and highlights the insurer’s capability to structure complex wealth preservation and legacy planning solutions.
The transaction reflects growing sophistication among wealthy families, who increasingly seek insurers with the financial strength and global expertise to support multi generational planning across markets. Singapore’s political stability and strong regulatory environment continue to position the city as a key hub for high net worth wealth management in Asia.
Momentum in the segment remains strong. Over the past 12 months, Manulife Singapore issued 25 individual policies each exceeding US$50 million in sum assured, signalling sustained demand for comprehensive protection, accumulation and legacy solutions among affluent clients.
Benoit Meslet, CEO of Manulife Singapore, said high net worth families are placing greater emphasis on long term certainty and structured legacy planning. He noted the latest issuance reflects client trust and reinforces the company’s leadership in the segment, supported by disciplined underwriting, governance standards and a broad solutions suite.
Manulife Singapore has built its high net worth credentials over the years. The insurer launched Universal Life in 2010, followed by Variable Universal Life in 2017, and became the first in Singapore to introduce Indexed Universal Life in 2019.
Recent product developments include Signature Indexed Income in March 2025, Signature Indexed Universal Life Select (III) in April 2025, and Signature Legacy Harvest in January 2026. The latest whole life plan focuses on wealth preservation and inter generational transfer, with features such as a Contingent Policy Owner option and a Death Benefit Inheritance Option.
Serving Singapore since 1899, Manulife Singapore operates within the global Manulife group, which manages C$1.7 trillion in assets as at 31 December 2025. The company said it will continue investing in underwriting, digital capabilities and advisor support to serve high net worth clients.