AMP has held its leading position in the individual lump sum and income protection markets despite losing share, according to new life cover premium inflow data from Plan For Life.

Last year AMP recorded a 2.5% rise in lump sum premium inflow to $1.1 billion, but its market share was 16.4%, compared with 16.9% in 2014.

AIA Australia’s lump sum premium inflow grew 16% to $347 million, giving it a 5.2% market share, up from 4.7%.

In income protection, AMP reported a 2.7% decline in premium inflow to $409 million last year and market share of 16.3%, down from 17.8%. 

BT achieved the strongest premium inflow growth in income protection, up 17.3% to $265 million. It had a market share of 10.5%, up from 9.5%.

In group life, TAL cemented its dominance, with premium inflow up 26.7% to $1.6 billion and market share at 27%, up from 23%.

AIA held its 24% market share in group life, with premium inflow last year of $1.5 billion, up from $1.3 billion in 2014.