The global group life insurance market size accounted for USD 164.40 billion in 2025 and is estimated to hit around USD 405.10 billion by 2034, representing a solid CAGR of 10.54% between 2025 and 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
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: Group Life 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. Group Life Insurance Market, by Type of Coverage
8.1.1. Term Life Insurance
8.1.1.1. Market Revenue and Forecast
8.1.2. Whole Life Insurance
8.1.2.1. Market Revenue and Forecast
8.1.3. Universal Life Insurance
8.1.3.1. Market Revenue and Forecast
8.1.4. Variable Life Insurance
8.1.4.1. Market Revenue and Forecast
9.1. Group Life Insurance Market, by Size of Group
9.1.1. Small Group (2-50 Employees)
9.1.1.1. Market Revenue and Forecast
9.1.2. Medium Group (51-100 Employees)
9.1.2.1. Market Revenue and Forecast
9.1.3. Large Group (101+ Employees)
9.1.3.1. Market Revenue and Forecast
10.1. Group Life Insurance Market, by Industry Sector
10.1.1. Healthcare
10.1.1.1. Market Revenue and Forecast
10.1.2. Education
10.1.2.1. Market Revenue and Forecast
10.1.3. Government
10.1.3.1. Market Revenue and Forecast
10.1.4. Manufacturing
10.1.4.1. Market Revenue and Forecast
10.1.5. Technology
10.1.5.1. Market Revenue and Forecast
11.1. Group Life Insurance Market, by Premium Payment Methods
11.1.1. Monthly
11.1.1.1. Market Revenue and Forecast
11.1.2. Quarterly
11.1.2.1. Market Revenue and Forecast
11.1.3. Annually
11.1.3.1. Market Revenue and Forecast
11.1.4. Single Premium
11.1.4.1. Market Revenue and Forecast
12.1. Group Life Insurance Market, by Benefit Level
12.1.1. Basic Coverage
12.1.1.1. Market Revenue and Forecast
12.1.2. Enhanced Coverage
12.1.2.1. Market Revenue and Forecast
12.1.3. Supplemental Coverage
12.1.3.1. Market Revenue and Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Type of Coverage
13.1.2. Market Revenue and Forecast, by Size of Group
13.1.3. Market Revenue and Forecast, by Industry Sector
13.1.4. Market Revenue and Forecast, by Premium Payment Methods
13.1.5. Market Revenue and Forecast, by Benefit Level
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Type of Coverage
13.1.6.2. Market Revenue and Forecast, by Size of Group
13.1.6.3. Market Revenue and Forecast, by Industry Sector
13.1.6.4. Market Revenue and Forecast, by Premium Payment Methods
13.1.6.5. Market Revenue and Forecast, by Benefit Level
13.1.7. Rest of North America
13.1.7.1. Market Revenue and Forecast, by Type of Coverage
13.1.7.2. Market Revenue and Forecast, by Size of Group
13.1.7.3. Market Revenue and Forecast, by Industry Sector
13.1.7.4. Market Revenue and Forecast, by Premium Payment Methods
13.1.7.5. Market Revenue and Forecast, by Benefit Level
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type of Coverage
13.2.2. Market Revenue and Forecast, by Size of Group
13.2.3. Market Revenue and Forecast, by Industry Sector
13.2.4. Market Revenue and Forecast, by Premium Payment Methods
13.2.5. Market Revenue and Forecast, by Benefit Level
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Type of Coverage
13.2.6.2. Market Revenue and Forecast, by Size of Group
13.2.6.3. Market Revenue and Forecast, by Industry Sector
13.2.7. Market Revenue and Forecast, by Premium Payment Methods
13.2.8. Market Revenue and Forecast, by Benefit Level
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Type of Coverage
13.2.9.2. Market Revenue and Forecast, by Size of Group
13.2.9.3. Market Revenue and Forecast, by Industry Sector
13.2.10. Market Revenue and Forecast, by Premium Payment Methods
13.2.11. Market Revenue and Forecast, by Benefit Level
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Type of Coverage
13.2.12.2. Market Revenue and Forecast, by Size of Group
13.2.12.3. Market Revenue and Forecast, by Industry Sector
13.2.12.4. Market Revenue and Forecast, by Premium Payment Methods
13.2.13. Market Revenue and Forecast, by Benefit Level
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type of Coverage
13.2.14.2. Market Revenue and Forecast, by Size of Group
13.2.14.3. Market Revenue and Forecast, by Industry Sector
13.2.14.4. Market Revenue and Forecast, by Premium Payment Methods
13.2.15. Market Revenue and Forecast, by Benefit Level
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type of Coverage
13.3.2. Market Revenue and Forecast, by Size of Group
13.3.3. Market Revenue and Forecast, by Industry Sector
13.3.4. Market Revenue and Forecast, by Premium Payment Methods
13.3.5. Market Revenue and Forecast, by Benefit Level
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Type of Coverage
13.3.6.2. Market Revenue and Forecast, by Size of Group
13.3.6.3. Market Revenue and Forecast, by Industry Sector
13.3.6.4. Market Revenue and Forecast, by Premium Payment Methods
13.3.7. Market Revenue and Forecast, by Benefit Level
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Type of Coverage
13.3.8.2. Market Revenue and Forecast, by Size of Group
13.3.8.3. Market Revenue and Forecast, by Industry Sector
13.3.8.4. Market Revenue and Forecast, by Premium Payment Methods
13.3.9. Market Revenue and Forecast, by Benefit Level
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Type of Coverage
13.3.10.2. Market Revenue and Forecast, by Size of Group
13.3.10.3. Market Revenue and Forecast, by Industry Sector
13.3.10.4. Market Revenue and Forecast, by Premium Payment Methods
13.3.10.5. Market Revenue and Forecast, by Benefit Level
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type of Coverage
13.3.11.2. Market Revenue and Forecast, by Size of Group
13.3.11.3. Market Revenue and Forecast, by Industry Sector
13.3.11.4. Market Revenue and Forecast, by Premium Payment Methods
13.3.11.5. Market Revenue and Forecast, by Benefit Level
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type of Coverage
13.4.2. Market Revenue and Forecast, by Size of Group
13.4.3. Market Revenue and Forecast, by Industry Sector
13.4.4. Market Revenue and Forecast, by Premium Payment Methods
13.4.5. Market Revenue and Forecast, by Benefit Level
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Type of Coverage
13.4.6.2. Market Revenue and Forecast, by Size of Group
13.4.6.3. Market Revenue and Forecast, by Industry Sector
13.4.6.4. Market Revenue and Forecast, by Premium Payment Methods
13.4.7. Market Revenue and Forecast, by Benefit Level
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Type of Coverage
13.4.8.2. Market Revenue and Forecast, by Size of Group
13.4.8.3. Market Revenue and Forecast, by Industry Sector
13.4.8.4. Market Revenue and Forecast, by Premium Payment Methods
13.4.9. Market Revenue and Forecast, by Benefit Level
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Type of Coverage
13.4.10.2. Market Revenue and Forecast, by Size of Group
13.4.10.3. Market Revenue and Forecast, by Industry Sector
13.4.10.4. Market Revenue and Forecast, by Premium Payment Methods
13.4.10.5. Market Revenue and Forecast, by Benefit Level
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type of Coverage
13.4.11.2. Market Revenue and Forecast, by Size of Group
13.4.11.3. Market Revenue and Forecast, by Industry Sector
13.4.11.4. Market Revenue and Forecast, by Premium Payment Methods
13.4.11.5. Market Revenue and Forecast, by Benefit Level
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type of Coverage
13.5.2. Market Revenue and Forecast, by Size of Group
13.5.3. Market Revenue and Forecast, by Industry Sector
13.5.4. Market Revenue and Forecast, by Premium Payment Methods
13.5.5. Market Revenue and Forecast, by Benefit Level
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Type of Coverage
13.5.6.2. Market Revenue and Forecast, by Size of Group
13.5.6.3. Market Revenue and Forecast, by Industry Sector
13.5.6.4. Market Revenue and Forecast, by Premium Payment Methods
13.5.7. Market Revenue and Forecast, by Benefit Level
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type of Coverage
13.5.8.2. Market Revenue and Forecast, by Size of Group
13.5.8.3. Market Revenue and Forecast, by Industry Sector
13.5.8.4. Market Revenue and Forecast, by Premium Payment Methods
13.5.8.5. Market Revenue and Forecast, by Benefit Level
14.1. Allianz
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Cigna
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. American National
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Ping An Insurance
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Allstate
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Axa
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. UnitedHealth Group
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Berkshire Hathaway
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. MassMutual
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Aditya Birla Sun Life Insurance
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
16.1. About Us
16.2. Glossary of Terms
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