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Life Insurance Premium Inflows for Year Ended March 2010
About Life Insurance
Sep 02, 2010
More and more Australians understand importance of life insurance in their life. Life Insurance Market in Australia maintains solid and relatively stable upward growth experiencing a further 10.8% increase in annual inflows.
The best life insurance (Risk) business growth rates year on year were achieved by TOWER (33.2%), National Australia / MLC (13.4%), AMP (12.2%), ING Life (11.0%), BT / Westpac (11.0%) and AIA (10.8%).
Total Premium Inflows for year ended March 2010:
| $millions | Year Ended Mar-10 |
Annual Growth |
Market Share |
|
 |
MLC Life Insurance .................... | 1,333.8 | 13.4% | 15.8% |
 |
CommInsure Life Insurance ........ | 1,163.6 | -0.9% | 13.8% |
 |
ING Life Insurance ..................... | 1,069.4 | 11.0% | 12.7% |
 |
Tower Life Insurance .................. | 946.3 | 33.2% | 11.2% |
 |
AMP Life Insurance .................... | 766.5 | 12.2% | 9.1% |
 |
AIA Life Insurance ..................... | 728.8 | 10.8% | 8.6% |
 |
AXA Life Insurance ..................... | 682.9 | 6.3% | 8.1% |
 |
Asteron Life Insurance ................ | 661.1 | 5.7% | 7.8% |
 |
Westpac Life Insurance ............... | 424.2 | 11.0% | 5.0% |
 |
MetLife Life Insurance ................ | 251.4 | -1.0% | 3.0% |
| Others: | ...................................................... | 399.8 | 18.9% | 4.7% |
 |
Macquarie Life Insurance | |||
 |
Aviva Life Insurance | |||
 |
Zurich Life Insurance | |||
| TOTAL | ...................................................... | 8,427.8 | 10.8% | 100.0% |
"Media Release Life Insurance Industry Results - March 2010, Plan For Life Pty Ltd"
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