Vision and Mission

The Life Insurance Association, Singapore is the not-for-profit trade body of life insurance product providers and life reinsurance providers based in Singapore and licensed by the Monetary Authority of Singapore. Its 30 members comprise 23 life insurers and seven life reinsurers.

Vision of the Life Insurance Industry in Singapore

Our vision is to provide individuals with peace of mind and to promote a society where every person is prepared for life's changing cycles and for those situations unforeseen. Our industry provides solutions to meet the following financial needs:

  • long term protection
  • savings
  • investment
  • wealth management
  • retirement funding

Mission Statement of the LIA and its Members

We are committed to being a progressive life insurance industry by collectively enhancing consumer understanding, promoting industry best practices, and through the association fostering a spirit of collaboration and mutual respect with government and business leaders. Shared values underpinning the association and its members are:

Unified in our resolve to deliver innovative solutions where every individual's needs are best met.
Professional in the way we conduct ourselves and in the counsel we give.
Ethical in ensuring our policyholders' interests are managed with utmost integrity.
Fair in how we strive to provide favourable outcomes to both our policyholders and shareholders.
Open & Honest in all that we do to build an environment of trust and transparency.
Proactive in the steps we take to give our people the skills and knowledge to provide sound solutions at all times.