Financial advisers have overtaken banks as Singapore's largest life insurance distribution channel, accounting for nearly two-thirds of the industry's premium growth in the first nine months of 2026, as investment-linked policies (ILPs) gained market share. Figures released by the Life Insurance Association Singapore (LIA) on November 12 showed that weighted new business premiums through financial advisers rose 27.9% to S$2.07 billion, representing 37.9% of the market.