The global term insurance market is projected to grow from USD 2.05 trillion in 2025 to USD 4.42 trillion by 2034, registering a robust CAGR of 8.92%. Asia-Pacific leads with over 34% market share in 2024, while Europe is set to grow fastest. Key drivers include digital transformation, growing awareness, flexible policy options, and emerging insurtech advancements.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Term Insurance Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Term Insurance Market, by Type
8.1.1. Individual Level Term Life Insurance
8.1.1.1. Market Revenue and Forecast
8.1.2. Group Level Term Life Insurance
8.1.2.1. Market Revenue and Forecast
8.1.3. Decreasing Term Life Insurance
8.1.3.1. Market Revenue and Forecast
9.1. Term Insurance Market, by Distribution Channel
9.1.1. Tied Agents & Branches
9.1.1.1. Market Revenue and Forecast
9.1.2. Brokers
9.1.2.1. Market Revenue and Forecast
9.1.3. Others
9.1.3.1. Market Revenue and Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type
10.1.2. Market Revenue and Forecast, by Distribution Channel
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Type
10.1.3.2. Market Revenue and Forecast, by Distribution Channel
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Type
10.1.4.2. Market Revenue and Forecast, by Distribution Channel
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type
10.2.2. Market Revenue and Forecast, by Distribution Channel
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Type
10.2.3.2. Market Revenue and Forecast, by Distribution Channel
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Type
10.2.4.2. Market Revenue and Forecast, by Distribution Channel
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Type
10.2.5.2. Market Revenue and Forecast, by Distribution Channel
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Type
10.2.6.2. Market Revenue and Forecast, by Distribution Channel
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type
10.3.2. Market Revenue and Forecast, by Distribution Channel
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Type
10.3.3.2. Market Revenue and Forecast, by Distribution Channel
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Type
10.3.4.2. Market Revenue and Forecast, by Distribution Channel
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Type
10.3.5.2. Market Revenue and Forecast, by Distribution Channel
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Type
10.3.6.2. Market Revenue and Forecast, by Distribution Channel
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type
10.4.2. Market Revenue and Forecast, by Distribution Channel
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Type
10.4.3.2. Market Revenue and Forecast, by Distribution Channel
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Type
10.4.4.2. Market Revenue and Forecast, by Distribution Channel
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Type
10.4.5.2. Market Revenue and Forecast, by Distribution Channel
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Type
10.4.6.2. Market Revenue and Forecast, by Distribution Channel
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type
10.5.2. Market Revenue and Forecast, by Distribution Channel
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Type
10.5.3.2. Market Revenue and Forecast, by Distribution Channel
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Type
10.5.4.2. Market Revenue and Forecast, by Distribution Channel
11.1. MetLife (United States)
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. AIA Group Limited (Hong Kong)
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Prudential Financial Inc. (United States)
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Manulife Financial Corporation (Canada)
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. China Life Insurance Company Limited (China)
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Allianz SE (Germany)
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. New York Life Insurance Company (United States)
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Japan Post Holdings Co., Ltd. (Japan)
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Ping An Insurance (Group) Company of China, Ltd. (China)
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Northwestern Mutual Life Insurance Company (United States)
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
13.1. About Us
13.2. Glossary of Terms
For questions or customization requests, please reach out to us at sales@precedenceresearch.com
Plan your call and get expert insights!
Schedule a Meeting
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
Get a Sample
Report Description
Get a Sample
Report Description