Total revenue premiums for in-force long term business were HK$537.2 billion, continued to be dominated by the individual life category which contributed HK$459.1 billion or 85.4% of the total. The number of policies in this category was 14.5 million, carrying onshore direct current estimate (gross of reinsurance ceded) of HK$2,549.1 billion.
On the other hand, the total office premiums for new individual life business were HK$206.9 billion in 2024, including HK$195.7 billion from individual life Non-Linked business and HK$11.2 billion from Linked business. The total number of individual life new policies were around 990,000 in 2024. Office premiums for new Non-Retirement Scheme Group business were HK$0.5 billion. Meanwhile, office premiums for new individual Annuity business were HK$12.4 billion. In 2024, around 70,000 QDAPs were sold, contributing total annualised premiums amounting to HK$4.5 billion.
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