Group life insurance premium inflows grew 19.7% to $5.4 billion last year, according to the latest figures from research house Plan For Life.

AIA recorded growth of 28.1%, with premium inflows of $1.4 billion, while TAL was up 26.1% to $1.3 billion.

Individual lump sum premium inflows gained 6.6% to $6.3 billion.

AMP maintained its market lead, with inflows up 4.7% to $1 billion. Smaller insurers’ individual lump sum premium inflows increased 11.5% to $2.1 billion.

Overall income protection premium inflows grew 5.8% to $2.3 billion, with TAL up 12% to $251 million and OnePath gaining 11.1% to $304 million.