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Life Insurance-Global Market Insights and Sales Trends 2025

Life Insurance-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1853854

No of Pages : 120

Synopsis
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits.
The global Life Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Life Insurance in various end use industries. The expanding demands from the Children, Adults and Senior Citizens,, are propelling Life Insurance market. Term Insurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Permanent Insurance segment is estimated at % CAGR for the next seven-year period.
Term assurance provides life insurance coverage for a specified term. The policy does not accumulate cash value. Term insurance is significantly less expensive than an equivalent permanent policy but will become higher with age. Policy holders can save to provide for increased term premiums or decrease insurance needs (by paying off debts or saving to provide for survivor needs). Permanent life insurance is life insurance that covers the remaining lifetime of the insured. A permanent insurance policy accumulates a cash value up to its date of maturation. The owner can access the money in the cash value by withdrawing money, borrowing the cash value, or surrendering the policy and receiving the surrender value.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Life Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Life Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Life Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Life Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Life Insurance covered in this report include ACE Insurance, Achmea, AEGON, AIA Group, AlfaStrakhovanie, Allianz, Anadolu Hayat Emeklilik, Assicurazioni Generali and Assurant, etc.
The global Life Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ACE Insurance
Achmea
AEGON
AIA Group
AlfaStrakhovanie
Allianz
Anadolu Hayat Emeklilik
Assicurazioni Generali
Assurant
Aviva
AXA
Banamex
Banco Bilbao Vizcaya Argentaria
Banco Bradesco
BNP Paribas Cardif
China Life Insurance Company
China Pacific Insurance
CNP Assurances
Credit Agricole
DZ Bank
Garanti Emeklilik ve Hayat
Great Eastern Holdings
Grupo Nacional Provincial
Hanwha Life Insurance Company
HDFC Standard Life Insurance Company
ICICI Prudential Life Insurance Company
Global Life Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Life Insurance market, Segment by Type:
Term Insurance
Permanent Insurance
Global Life Insurance market, by Application
Children
Adults
Senior Citizens
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Life Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index
1 Market Overview of Life Insurance
1.1 Life Insurance Market Overview
1.1.1 Life Insurance Product Scope
1.1.2 Life Insurance Market Status and Outlook
1.2 Global Life Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Life Insurance Market Size by Region (2018-2029)
1.4 Global Life Insurance Historic Market Size by Region (2018-2023)
1.5 Global Life Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Life Insurance Market Size (2018-2029)
1.6.1 North America Life Insurance Market Size (2018-2029)
1.6.2 Europe Life Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Life Insurance Market Size (2018-2029)
1.6.4 Latin America Life Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Life Insurance Market Size (2018-2029)
2 Life Insurance Market by Type
2.1 Introduction
2.1.1 Term Insurance
2.1.2 Permanent Insurance
2.2 Global Life Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Life Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Life Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Life Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Life Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Life Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Life Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Life Insurance Revenue Breakdown by Type (2018-2029)
3 Life Insurance Market Overview by Application
3.1 Introduction
3.1.1 Children
3.1.2 Adults
3.1.3 Senior Citizens
3.2 Global Life Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Life Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Life Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Life Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Life Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Life Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Life Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Life Insurance Revenue Breakdown by Application (2018-2029)
4 Life Insurance Competition Analysis by Players
4.1 Global Life Insurance Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Life Insurance as of 2022)
4.3 Date of Key Players Enter into Life Insurance Market
4.4 Global Top Players Life Insurance Headquarters and Area Served
4.5 Key Players Life Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Life Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ACE Insurance
5.1.1 ACE Insurance Profile
5.1.2 ACE Insurance Main Business
5.1.3 ACE Insurance Life Insurance Products, Services and Solutions
5.1.4 ACE Insurance Life Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 ACE Insurance Recent Developments
5.2 Achmea
5.2.1 Achmea Profile
5.2.2 Achmea Main Business
5.2.3 Achmea Life Insurance Products, Services and Solutions
5.2.4 Achmea Life Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 Achmea Recent Developments
5.3 AEGON
5.3.1 AEGON Profile
5.3.2 AEGON Main Business
5.3.3 AEGON Life Insurance Products, Services and Solutions
5.3.4 AEGON Life Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 AIA Group Recent Developments
5.4 AIA Group
5.4.1 AIA Group Profile
5.4.2 AIA Group Main Business
5.4.3 AIA Group Life Insurance Products, Services and Solutions
5.4.4 AIA Group Life Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 AIA Group Recent Developments
5.5 AlfaStrakhovanie
5.5.1 AlfaStrakhovanie Profile
5.5.2 AlfaStrakhovanie Main Business
5.5.3 AlfaStrakhovanie Life Insurance Products, Services and Solutions
5.5.4 AlfaStrakhovanie Life Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 AlfaStrakhovanie Recent Developments
5.6 Allianz
5.6.1 Allianz Profile
5.6.2 Allianz Main Business
5.6.3 Allianz Life Insurance Products, Services and Solutions
5.6.4 Allianz Life Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 Allianz Recent Developments
5.7 Anadolu Hayat Emeklilik
5.7.1 Anadolu Hayat Emeklilik Profile
5.7.2 Anadolu Hayat Emeklilik Main Business
5.7.3 Anadolu Hayat Emeklilik Life Insurance Products, Services and Solutions
5.7.4 Anadolu Hayat Emeklilik Life Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 Anadolu Hayat Emeklilik Recent Developments
5.8 Assicurazioni Generali
5.8.1 Assicurazioni Generali Profile
5.8.2 Assicurazioni Generali Main Business
5.8.3 Assicurazioni Generali Life Insurance Products, Services and Solutions
5.8.4 Assicurazioni Generali Life Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 Assicurazioni Generali Recent Developments
5.9 Assurant
5.9.1 Assurant Profile
5.9.2 Assurant Main Business
5.9.3 Assurant Life Insurance Products, Services and Solutions
5.9.4 Assurant Life Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 Assurant Recent Developments
5.10 Aviva
5.10.1 Aviva Profile
5.10.2 Aviva Main Business
5.10.3 Aviva Life Insurance Products, Services and Solutions
5.10.4 Aviva Life Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 Aviva Recent Developments
5.11 AXA
5.11.1 AXA Profile
5.11.2 AXA Main Business
5.11.3 AXA Life Insurance Products, Services and Solutions
5.11.4 AXA Life Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 AXA Recent Developments
5.12 Banamex
5.12.1 Banamex Profile
5.12.2 Banamex Main Business
5.12.3 Banamex Life Insurance Products, Services and Solutions
5.12.4 Banamex Life Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 Banamex Recent Developments
5.13 Banco Bilbao Vizcaya Argentaria
5.13.1 Banco Bilbao Vizcaya Argentaria Profile
5.13.2 Banco Bilbao Vizcaya Argentaria Main Business
5.13.3 Banco Bilbao Vizcaya Argentaria Life Insurance Products, Services and Solutions
5.13.4 Banco Bilbao Vizcaya Argentaria Life Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 Banco Bilbao Vizcaya Argentaria Recent Developments
5.14 Banco Bradesco
5.14.1 Banco Bradesco Profile
5.14.2 Banco Bradesco Main Business
5.14.3 Banco Bradesco Life Insurance Products, Services and Solutions
5.14.4 Banco Bradesco Life Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 Banco Bradesco Recent Developments
5.15 BNP Paribas Cardif
5.15.1 BNP Paribas Cardif Profile
5.15.2 BNP Paribas Cardif Main Business
5.15.3 BNP Paribas Cardif Life Insurance Products, Services and Solutions
5.15.4 BNP Paribas Cardif Life Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 BNP Paribas Cardif Recent Developments
5.16 China Life Insurance Company
5.16.1 China Life Insurance Company Profile
5.16.2 China Life Insurance Company Main Business
5.16.3 China Life Insurance Company Life Insurance Products, Services and Solutions
5.16.4 China Life Insurance Company Life Insurance Revenue (US$ Million) & (2018-2023)
5.16.5 China Life Insurance Company Recent Developments
5.17 China Pacific Insurance
5.17.1 China Pacific Insurance Profile
5.17.2 China Pacific Insurance Main Business
5.17.3 China Pacific Insurance Life Insurance Products, Services and Solutions
5.17.4 China Pacific Insurance Life Insurance Revenue (US$ Million) & (2018-2023)
5.17.5 China Pacific Insurance Recent Developments
5.18 CNP Assurances
5.18.1 CNP Assurances Profile
5.18.2 CNP Assurances Main Business
5.18.3 CNP Assurances Life Insurance Products, Services and Solutions
5.18.4 CNP Assurances Life Insurance Revenue (US$ Million) & (2018-2023)
5.18.5 CNP Assurances Recent Developments
5.19 Credit Agricole
5.19.1 Credit Agricole Profile
5.19.2 Credit Agricole Main Business
5.19.3 Credit Agricole Life Insurance Products, Services and Solutions
5.19.4 Credit Agricole Life Insurance Revenue (US$ Million) & (2018-2023)
5.19.5 Credit Agricole Recent Developments
5.20 DZ Bank
5.20.1 DZ Bank Profile
5.20.2 DZ Bank Main Business
5.20.3 DZ Bank Life Insurance Products, Services and Solutions
5.20.4 DZ Bank Life Insurance Revenue (US$ Million) & (2018-2023)
5.20.5 DZ Bank Recent Developments
5.21 Garanti Emeklilik ve Hayat
5.21.1 Garanti Emeklilik ve Hayat Profile
5.21.2 Garanti Emeklilik ve Hayat Main Business
5.21.3 Garanti Emeklilik ve Hayat Life Insurance Products, Services and Solutions
5.21.4 Garanti Emeklilik ve Hayat Life Insurance Revenue (US$ Million) & (2018-2023)
5.21.5 Garanti Emeklilik ve Hayat Recent Developments
5.22 Great Eastern Holdings
5.22.1 Great Eastern Holdings Profile
5.22.2 Great Eastern Holdings Main Business
5.22.3 Great Eastern Holdings Life Insurance Products, Services and Solutions
5.22.4 Great Eastern Holdings Life Insurance Revenue (US$ Million) & (2018-2023)
5.22.5 Great Eastern Holdings Recent Developments
5.23 Grupo Nacional Provincial
5.23.1 Grupo Nacional Provincial Profile
5.23.2 Grupo Nacional Provincial Main Business
5.23.3 Grupo Nacional Provincial Life Insurance Products, Services and Solutions
5.23.4 Grupo Nacional Provincial Life Insurance Revenue (US$ Million) & (2018-2023)
5.23.5 Grupo Nacional Provincial Recent Developments
5.24 Hanwha Life Insurance Company
5.24.1 Hanwha Life Insurance Company Profile
5.24.2 Hanwha Life Insurance Company Main Business
5.24.3 Hanwha Life Insurance Company Life Insurance Products, Services and Solutions
5.24.4 Hanwha Life Insurance Company Life Insurance Revenue (US$ Million) & (2018-2023)
5.24.5 Hanwha Life Insurance Company Recent Developments
5.25 HDFC Standard Life Insurance Company
5.25.1 HDFC Standard Life Insurance Company Profile
5.25.2 HDFC Standard Life Insurance Company Main Business
5.25.3 HDFC Standard Life Insurance Company Life Insurance Products, Services and Solutions
5.25.4 HDFC Standard Life Insurance Company Life Insurance Revenue (US$ Million) & (2018-2023)
5.25.5 HDFC Standard Life Insurance Company Recent Developments
5.26 ICICI Prudential Life Insurance Company
5.26.1 ICICI Prudential Life Insurance Company Profile
5.26.2 ICICI Prudential Life Insurance Company Main Business
5.26.3 ICICI Prudential Life Insurance Company Life Insurance Products, Services and Solutions
5.26.4 ICICI Prudential Life Insurance Company Life Insurance Revenue (US$ Million) & (2018-2023)
5.26.5 ICICI Prudential Life Insurance Company Recent Developments
6 North America
6.1 North America Life Insurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Life Insurance Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Life Insurance Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Life Insurance Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Life Insurance Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Life Insurance Market Dynamics
11.1 Life Insurance Industry Trends
11.2 Life Insurance Market Drivers
11.3 Life Insurance Market Challenges
11.4 Life Insurance Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List

Published By : QY Research

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