Life insurance is increasing and there is an increasing share of personal insurers. Private life insurers ' profit continues to increase as over the past few years the industry has been in a high-growth mode. The sector has seen steady development over the past five to six years. The life insurers ' contribution to the country's fast development is due to the increasing capital markets. Private insurers have invested strongly in the inventory market while in latest years, owing to reduced expenses, life insurance companies ' profitability has remained solid.
In addition to Takaful's arrival, increasing middle class, rising banking insurance and the introduction of tiny ticket insurance schemes will all help life insurers grow in the coming years. In the past, the banking channel was a main driver of company development through partnerships for standard life insurance goods with 14 bank partners and 10 bank associates for BancaTakaful alternatives.