Singapore Life Pte. Ltd., a digitally-focused life insurance company, has secured $13 million in an equity funding.
The investments came from Aberdeen Standard Investments (ASI), UK-based investment brand of Aberdeen Asset Management and Standard Life Investments.
In connection with the investment, ASI will participate in the long-term growth of the next generation life insurance company as it extends its business across the Southeast Asian region.
Last year, Singapore Life acquire the business portfolio of Zurich Life Singapore for $4.4 billion.