Manulife Singapore has sold a US$300 million life insurance policy to a wealthy individual in the city-state, the largest single transaction of its kind globally. The buyer's name, along with other deal details, remains undisclosed for client confidentiality reasons.    

The company says the landmark deal, which surpasses the previous record of US$250 million set in Hong Kong in 2024, underscores its ability to structure complex, large-scale wealth preservation and legacy planning solutions.

According to a UBS report, Singapore has 55 billionaires, as of December 2025, with a combined net worth of US$258.8 billion, up 66.4% from 2024. 

Singapore's political and economic stability, coupled with its robust regulatory regime, continues to position the city-state as a key destination for HNW wealth management, Manulife says.

The transaction reflects the growing sophistication of the planning needs of high-net-worth ( HNW ) individuals and families, who seek insurers with the financial strength, global perspective, and in-depth expertise to address multi-generational needs across different geographies.

In the last 12 months, Manulife Singapore issued 25 policies valued at over US$50 million each to individual customers. Chief executive officer Benoit Meslet comments: “As HNW families place greater emphasis on long-term certainty and legacy planning, they are looking for insurers with deep experience and the ability to deliver well-structured solutions at scale. This issuance reflects the trust placed in Manulife and reinforces our leadership in the HNW sector.”