FSC publish Spotlights on Life Insurance and KiwiSaver

Written By Kelly O

The Financial Services Council (FSC) have published their September 2024 spotlights on Life Insurance and KiwiSaver.

There are now 4.15 million life insurance covers, with $3.21 billion in annual life insurance premiums. The split is about 60% males and 30% females, and more than half of cover is for those aged 46 – 65.

KiwiSaver member contributions are slightly less than last year but funds under management have increased by 21.2% in the 12 months to 30 September, reaching $107.25 billion. Members are at an all-time high of 3,006,163.

Kelly O
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