2021 VONB Performance and Strategic Highlights
Asia's Unprecedented Growth Opportunities
Unprecedented Wealth Creation and
Need for Private Protection
Middle Class and Affluent Population (1)
across AIA Footprint (billion)
2.6
+1.1
1.5
2020
HK and Others (3)
2030E
0.1
ASEAN (2)
0.5
0.9
Mainland
China
2.6 billion
population
2030E
1.0
India
$275 billion
Additional annual life
insurance premium in 2030
required to close the estimated
$110t mortality protection gap
across Asia ex-Japan
>$4 trillion
Annual healthcare spend
across AIA's markets by 2030
~850 million
People 60+ years of age
in Asia by 2030
Rapidly Shifting Consumer Preferences
and Pervasiveness of New Technology
AIA Vitality Integrated
Product VONB
2020
+45%
2021
Product Mix (4) by VONB
Par, Unit-
linked &
Others
43%
57% Traditional
Protection
+72%
Increase in
unit-linked VONB
>$1b
66% of consumers want to
improve their health
76% track at least 1 type of
health and wellness indicator
70% more conscious of
their mental health
~70% say that insurance is
AIA
more important to meet long-term
savings and protection needs
2 million members (5)
AIA Vitality
Agency ANP
using remote capabilities
65%
Service requests
submitted digitally
(5) Includes AIA China Wellness
(1)
(2)
Notes: Due to rounding, numbers presented in the pie chart may not add up precisely; sources: IHS, McKinsey, Swiss Re estimates
$22,000 net income or higher, on purchasing power parity basis (PPP)
Thailand, Singapore, Malaysia, Vietnam, Indonesia, the Philippines, Cambodia, Myanmar and Brunei
(3)
(4)
Hong Kong SAR, Macau SAR, Australia, New Zealand, South Korea, Taiwan (China) and Sri Lanka
Product mix for 2021 reflects minor changes to product categorisation compared to 2020
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