Life insurance inflows increased 11.7% to $11.5 billion last year, according to the latest Plan For Life data.

The individual lump sum market grew 10.3% to $5.5 billion, while income protection increased 9.6% to $2 billion.

The big winner was group life, up 14.9% to $3.9 billion in the year to December 31.

BT recorded market growth of 21.4%, with life premium inflows of $617 million, while TAL increased 17.8% to $1.5 billion.

Market leader AMP saw growth of 6.2%, with premium inflows of $1.76 billion.