Staggering $318 million life insurance policy sets new world record as most valuable ever

Worth $318 million USD (£235,933,000; €275,587,000), a staggering life insurance policy has made FWD Private the latest record holder for the most valuable life insurance policy.

This record-breaking policy, recognized on 9 November, was issued by FWD Private and it contains a tailored, comprehensive solution that supports an individual customer's wealth preservation and intergenerational legacy planning.

Established in 2023, FWD Private offers comprehensive legacy planning solutions and services for high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals.

Chief Partnership Distribution Officer of FWD Private, Shelyne Shum, commented: "This record-breaking policy marks an important milestone for FWD and reflects the trust that HNW customers place in us. It further reinforces FWD's leadership in the HNW segment and demonstrates our proven capabilities across wealth and legacy planning and protection strategies. Building on our strong foundation, FWD Private continues to accelerate growth across Asia and deliver tailored legacy planning solutions that empower customers and their families to truly celebrate living."

She added: "A case of this scale and complexity calls for tremendous collaboration. My heartfelt thanks go to our external partners, including broker adviser Charles Monat Associates, private bank and reinsurers, as well as internal teams across distribution, case management, product solutions, underwriting and corporate governance, for their dedication and collective effort in delivering this remarkable policy. This achievement is also a testament to the strength of our distribution network and the deep partnerships we have built across the industry. In the future, we will continue to expand our business and to remain the focus on our compelling proposition that brings together product and service innovation, customer experience excellence and time to market agility, making FWD Private the preferred insurance brand for customers with sophisticated wealth planning and protection needs."

Chief Executive Officer of Hong Kong of Charles Monat Associates, Teddy Chu, said: "We are incredibly proud to contribute to this new Guinness World Records title of the most valuable life insurance policy for the second consecutive time, led by the same Charles Monat Associates consultant.

"Our track record and experience in advising clients on complex solutions has played a key role in supporting the appropriate legacy solution for this remarkable case. This new record policy underscores Hong Kong's position as one of the world's leading wealth management and life insurance hubs, reinforcing the importance of collaboration among brokers, insurers, and bank partners to address the evolving wealth planning needs of HNW and UHNW individuals."

FWD celebrates the record-breaking milestone with partners, recognizing the collective effort behind the most valuable life insurance policy issued by FWD Private

Regarding the record of the most valuable life insurance policy, the record was first set at $100 million USD in 1990. The record climbed to $201 million USD in 2014 and then $250 million USD in 2024. We are happy to record and to celebrate with different industries and to record each big step in their history.

Header image: (From left to right) Xiong Wen, Guinness World Records Adjudicator, Shelyne Shum, Chief Partnership Distribution Officer, FWD Private and Teddy Chu, Chief Executive Officer, Hong Kong, Charles Monat Associates