Life insurance risk markets experienced a good year of growth last year, climbing 11.5% from $9.1 billion to $10.2 billion with AIA Australia taking the lion's share, according to Plan For Life data.

Plan For Life recorded 11.5% growth for the 12 months to September 2011, with AIA Australia taking 33% of inflows with BT/Westpac grabbing 13.3%, TAL with 13%, OnePath Australia with 11.7% and AMP scoring 10.1%.

The life insurance risk market figures consisted of individual risk lump sum, risk income insurances and group risk insurance.

In the group risk market alone, premiums were also strong after climbing 13.7% for the same time period.

This compares with the last round of results which showed life insurance risk market inflows climbed 10% in the 12 months to June 2011 from $8.9 billion to $9.8 billion.

TAL, Zurich and AIA recorded the three highest inflows with 19.2% growth, 15.6% and 14.1% respectively.