Global Term Insurance Market Growth (Status and Outlook) 2024-2030

Global Term Insurance Market Growth (Status and Outlook) 2024-2030

Term insurance is a type of life insurance policy that provides coverage for a specified period or term. Cost-effectiveness, increased awareness, customization, and flexibility are some of the key factors that are driving the adoption of term insurance. In addition, changing demographics, emphasis on financial security, and evolving insurance market trends are further contributing to the market's growth.

The global Term Insurance market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LPI (LP Information)' newest research report, the “Term Insurance Industry Forecast” looks at past sales and reviews total world Term Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Term Insurance sales for 2023 through 2029. With Term Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Term Insurance industry.

This Insight Report provides a comprehensive analysis of the global Term Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Term Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Term Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Term Insurance and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Term Insurance.

United States market for Term Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Term Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Term Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Term Insurance players cover MetLife, AIA Group Limited, Prudential Financial Inc, Manulife Financial Corporation, China Life Insurance Company Limited, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Term Insurance market by product type, application, key players and key regions and countries.

Segmentation by Type:
Individual Level Term Life Insurance
Group Level Term Life Insurance

Segmentation by Application:
Tied Agents & Branches
Brokers
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Individual Level Term Life Insurance
Group Level Term Life Insurance

Segmentation by Application:
Tied Agents & Branches
Brokers
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
MetLife
AIA Group Limited
Prudential Financial Inc
Manulife Financial Corporation
China Life Insurance Company Limited
Allianz SE
New York Life Insurance Company
Japan Post Holdings Co., Ltd
Ping An Insurance (Group) Company of China, Ltd.
Northwestern Mutual Life Insurance Company
State Farm Mutual Automobile Insurance Company
AXA S.A
Dai-ichi Life Holdings, Inc
Zurich Insurance Group Ltd.
LIC (Life Insurance Corporation of India)

Please note: The report will take approximately 2 business days to prepare and deliver.