Manulife Sells $300M Policy, Sets Guinness World Record
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Manulife Financial has set a Guinness World Record with its $300 million life insurance policy in Singapore, the most valuable ever issued. This surpasses the previous record of $250 million by HSBC Life. The deal reflects a growing demand among ultra-wealthy individuals for asset preservation. In the past year, Manulife issued 25 policies over $50 million in Singapore, indicating a trend rather than an isolated event. With 55 billionaires in Singapore, the demand for large life insurance policies is expected to continue, presenting a significant opportunity for Manulife.
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