Selected research
Market Structure
Global Term Insurance Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
The global Term Insurance market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The US & Canada market for Term Insurance is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The Europe market for Term Insurance is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Term Insurance is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The China market for Term Insurance is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Term Insurance include 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 and Ping An Insurance (Group) Company of China, Ltd., among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Includes
This report provides an overview of the global Term Insurance market and its size, analyzing global market trends based on historical revenue data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Term Insurance and revenue in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Term Insurance revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by Type and Application—covering revenue and growth rates—for 2021-2032, and evaluates and forecasts the Term Insurance market size, projected growth trends, production technologies, key applications, and end-use industries.
Term Insurance Segment by Company
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)
Term Insurance Segment by Type
Individual Level Term Life Insurance
Group Level Term Life Insurance
Term Insurance Segment by Application
Tied Agents & Branches
Brokers
Others
Term Insurance Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Term Insurance market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Term Insurance and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Term Insurance.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. Revenue of Term Insurance in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. 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 2: Analysis key trends, drivers, challenges, and opportunities within the global Term Insurance industry.
Chapter 3: Detailed analysis of Term Insurance companies' competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Term Insurancerevenue, gross margin, and recent development, etc.
Chapter 7: North America (US & Canada) by type, by application and by country, revenue for each segment.
Chapter 8: Europe by type, by application and by country, revenue for each segment.
Chapter 9: China by type, and by application, revenue for each segment.
Chapter 10: Asia (excluding China) by type, by application and by region, revenue for each segment.
Chapter 11: South America, Middle East & Africa by type, by application and by country, revenue for each segment.
Chapter 12: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Individual Level Term Life Insurance
- Group Level Term Life Insurance
Applications
- Tied Agents & Branches
- Brokers
- Others
Companies covered
- 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)
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Market Analysis by Type
- 1.2.1 Global Term Insurance Market Size Growth Rate by Type: 2021 VS 2025 VS 2032
- 1.2.2 Individual Level Term Life Insurance
- 1.2.3 Group Level Term Life Insurance
- 1.3 Market Analysis by Application
- 1.3.1 Global Term Insurance Market Size Growth Rate by Application: 2021 VS 2025 VS 2032
- 1.3.2 Tied Agents & Branches
- 1.3.3 Brokers
- 1.3.4 Others
- 1.4 Global Market Growth Prospects
- 1.5 Global Term Insurance Growth Trends by Region
- 1.5.1 Global Term Insurance Market Size by Region: 2021 VS 2025 VS 2032
- 1.5.2 Term Insurance Market Size by Region (2021-2026)
- 1.5.3 Term Insurance Market Size by Region (2027-2032)
- 1.6 Assumptions and Limitations
- 1.7 Study Goals and Objectives
- 1.8 Years Considered
2 Global Term Insurance Market Dynamics
- 2.1 Term Insurance Industry Trends
- 2.2 Term Insurance Industry Drivers
- 2.3 Term Insurance Industry Opportunities and Challenges
- 2.4 Term Insurance Industry Restraints
3 Competitive Landscape by Company
- 3.1 Global Term Insurance Revenue by Company (2021-2026)
- 3.2 Global Term Insurance Players Revenue Ranking, 2024 VS 2025 VS 2026
- 3.3 Global Term Insurance Key Company Head office and Area Served
- 3.4 Global Term Insurance Company, Product Type & Application
- 3.5 Global Term Insurance Company Establishment Date
- 3.6 Market Competitive Analysis
- 3.6.1 Global Term Insurance Market CR5 and HHI
- 3.6.2 Global Top 5 and 10 Term Insurance Players Market Share by Revenue in 2025
- 3.6.3 2025 Term Insurance Tier 1, Tier 2, and Tier 3
4 Term Insurance Market by Type
- 4.1 Global Term Insurance Market Size by Type (2021 VS 2025 VS 2032)
- 4.2 Global Term Insurance Market Size by Type (2021-2032)
- 4.3 Global Term Insurance Market Size Share by Type (2021-2032)
5 Term Insurance Market by Application
- 5.1 Global Term Insurance Market Size by Application (2021 VS 2025 VS 2032)
- 5.2 Global Term Insurance Market Size by Application (2021-2032)
- 5.3 Global Term Insurance Market Size Share by Application (2021-2032)
6 Company Profiles
- 6.1 MetLife
- 6.1.1 MetLife Company Information
- 6.1.2 MetLife Business Overview
- 6.1.3 MetLife Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.1.4 MetLife Term Insurance Product Portfolio
- 6.1.5 MetLife Recent Developments
- 6.2 AIA Group Limited
- 6.2.1 AIA Group Limited Company Information
- 6.2.2 AIA Group Limited Business Overview
- 6.2.3 AIA Group Limited Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.2.4 AIA Group Limited Term Insurance Product Portfolio
- 6.2.5 AIA Group Limited Recent Developments
- 6.3 Prudential Financial Inc
- 6.3.1 Prudential Financial Inc Company Information
- 6.3.2 Prudential Financial Inc Business Overview
- 6.3.3 Prudential Financial Inc Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.3.4 Prudential Financial Inc Term Insurance Product Portfolio
- 6.3.5 Prudential Financial Inc Recent Developments
- 6.4 Manulife Financial Corporation
- 6.4.1 Manulife Financial Corporation Company Information
- 6.4.2 Manulife Financial Corporation Business Overview
- 6.4.3 Manulife Financial Corporation Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.4.4 Manulife Financial Corporation Term Insurance Product Portfolio
- 6.4.5 Manulife Financial Corporation Recent Developments
- 6.5 China Life Insurance Company Limited
- 6.5.1 China Life Insurance Company Limited Company Information
- 6.5.2 China Life Insurance Company Limited Business Overview
- 6.5.3 China Life Insurance Company Limited Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.5.4 China Life Insurance Company Limited Term Insurance Product Portfolio
- 6.5.5 China Life Insurance Company Limited Recent Developments
- 6.6 Allianz SE
- 6.6.1 Allianz SE Company Information
- 6.6.2 Allianz SE Business Overview
- 6.6.3 Allianz SE Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.6.4 Allianz SE Term Insurance Product Portfolio
- 6.6.5 Allianz SE Recent Developments
- 6.7 New York Life Insurance Company
- 6.7.1 New York Life Insurance Company Company Information
- 6.7.2 New York Life Insurance Company Business Overview
- 6.7.3 New York Life Insurance Company Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.7.4 New York Life Insurance Company Term Insurance Product Portfolio
- 6.7.5 New York Life Insurance Company Recent Developments
- 6.8 Japan Post Holdings Co., Ltd
- 6.8.1 Japan Post Holdings Co., Ltd Company Information
- 6.8.2 Japan Post Holdings Co., Ltd Business Overview
- 6.8.3 Japan Post Holdings Co., Ltd Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.8.4 Japan Post Holdings Co., Ltd Term Insurance Product Portfolio
- 6.8.5 Japan Post Holdings Co., Ltd Recent Developments
- 6.9 Ping An Insurance (Group) Company of China, Ltd.
- 6.9.1 Ping An Insurance (Group) Company of China, Ltd. Company Information
- 6.9.2 Ping An Insurance (Group) Company of China, Ltd. Business Overview
- 6.9.3 Ping An Insurance (Group) Company of China, Ltd. Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.9.4 Ping An Insurance (Group) Company of China, Ltd. Term Insurance Product Portfolio
- 6.9.5 Ping An Insurance (Group) Company of China, Ltd. Recent Developments
- 6.10 Northwestern Mutual Life Insurance Company
- 6.10.1 Northwestern Mutual Life Insurance Company Company Information
- 6.10.2 Northwestern Mutual Life Insurance Company Business Overview
- 6.10.3 Northwestern Mutual Life Insurance Company Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.10.4 Northwestern Mutual Life Insurance Company Term Insurance Product Portfolio
- 6.10.5 Northwestern Mutual Life Insurance Company Recent Developments
- 6.11 State Farm Mutual Automobile Insurance Company
- 6.11.1 State Farm Mutual Automobile Insurance Company Company Information
- 6.11.2 State Farm Mutual Automobile Insurance Company Business Overview
- 6.11.3 State Farm Mutual Automobile Insurance Company Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.11.4 State Farm Mutual Automobile Insurance Company Term Insurance Product Portfolio
- 6.11.5 State Farm Mutual Automobile Insurance Company Recent Developments
- 6.12 AXA S.A
- 6.12.1 AXA S.A Company Information
- 6.12.2 AXA S.A Business Overview
- 6.12.3 AXA S.A Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.12.4 AXA S.A Term Insurance Product Portfolio
- 6.12.5 AXA S.A Recent Developments
- 6.13 Dai-ichi Life Holdings, Inc
- 6.13.1 Dai-ichi Life Holdings, Inc Company Information
- 6.13.2 Dai-ichi Life Holdings, Inc Business Overview
- 6.13.3 Dai-ichi Life Holdings, Inc Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.13.4 Dai-ichi Life Holdings, Inc Term Insurance Product Portfolio
- 6.13.5 Dai-ichi Life Holdings, Inc Recent Developments
- 6.14 Zurich Insurance Group Ltd.
- 6.14.1 Zurich Insurance Group Ltd. Company Information
- 6.14.2 Zurich Insurance Group Ltd. Business Overview
- 6.14.3 Zurich Insurance Group Ltd. Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.14.4 Zurich Insurance Group Ltd. Term Insurance Product Portfolio
- 6.14.5 Zurich Insurance Group Ltd. Recent Developments
- 6.15 LIC (Life Insurance Corporation of India)
- 6.15.1 LIC (Life Insurance Corporation of India) Company Information
- 6.15.2 LIC (Life Insurance Corporation of India) Business Overview
- 6.15.3 LIC (Life Insurance Corporation of India) Term Insurance Revenue and Gross Margin (US$ Million) & (2021-2026)
- 6.15.4 LIC (Life Insurance Corporation of India) Term Insurance Product Portfolio
- 6.15.5 LIC (Life Insurance Corporation of India) Recent Developments
7 North America
- 7.1 North America Term Insurance Market Size (2021-2032)
- 7.2 North America Term Insurance Market Size by Type
- 7.2.1 North America Term Insurance Market Size by Type (2021-2026)
- 7.2.2 North America Term Insurance Market Size by Type (2027-2032)
- 7.2.3 North America Term Insurance Market Share by Type (2021-2032)
- 7.3 North America Term Insurance Market Size by Application
- 7.3.1 North America Term Insurance Market Size by Application (2021-2026)
- 7.3.2 North America Term Insurance Market Size by Application (2027-2032)
- 7.3.3 North America Term Insurance Market Share by Application (2021-2032)
- 7.4 North America Term Insurance Market Size by Country
- 7.4.1 North America Term Insurance Market Size by Country (2021 VS 2025 VS 2032)
- 7.4.2 North America Term Insurance Market Size by Country (2021-2026)
- 7.4.3 North America Term Insurance Market Size by Country (2027-2032)
- 7.4.4 North America Term Insurance Market Share by Country (2021-2032)
- 7.4.5 United States
- 7.4.6 Canada
- 7.4.7 Mexico
8 Europe
- 8.1 Europe Term Insurance Market Size (2021-2032)
- 8.2 Europe Term Insurance Market Size by Type
- 8.2.1 Europe Term Insurance Market Size by Type (2021-2026)
- 8.2.2 Europe Term Insurance Market Size by Type (2027-2032)
- 8.2.3 Europe Term Insurance Market Share by Type (2021-2032)
- 8.3 Europe Term Insurance Market Size by Application
- 8.3.1 Europe Term Insurance Market Size by Application (2021-2026)
- 8.3.2 Europe Term Insurance Market Size by Application (2027-2032)
- 8.3.3 Europe Term Insurance Market Share by Application (2021-2032)
- 8.4 Europe Term Insurance Market Size by Country
- 8.4.1 Europe Term Insurance Market Size by Country (2021 VS 2025 VS 2032)
- 8.4.2 Europe Term Insurance Market Size by Country (2021-2026)
- 8.4.3 Europe Term Insurance Market Size by Country (2027-2032)
- 8.4.4 Europe Term Insurance Market Share by Country (2021-2032)
- 8.4.5 Germany
- 8.4.6 France
- 8.4.7 U.K.
- 8.4.8 Italy
- 8.4.9 Russia
- 8.4.10 Nordic Countries
9 China
- 9.1 China Term Insurance Market Size (2021-2032)
- 9.2 China Term Insurance Market Size by Type
- 9.2.1 China Term Insurance Market Size by Type (2021-2026)
- 9.2.2 China Term Insurance Market Size by Type (2027-2032)
- 9.2.3 China Term Insurance Market Share by Type (2021-2032)
- 9.3 China Term Insurance Market Size by Application
- 9.3.1 China Term Insurance Market Size by Application (2021-2026)
- 9.3.2 China Term Insurance Market Size by Application (2027-2032)
- 9.3.3 China Term Insurance Market Share by Application (2021-2032)
10 Asia (Excluding China)
- 10.1 Asia Term Insurance Market Size (2021-2032)
- 10.2 Asia Term Insurance Market Size by Type
- 10.2.1 Asia Term Insurance Market Size by Type (2021-2026)
- 10.2.2 Asia Term Insurance Market Size by Type (2027-2032)
- 10.2.3 Asia Term Insurance Market Share by Type (2021-2032)
- 10.3 Asia Term Insurance Market Size by Application
- 10.3.1 Asia Term Insurance Market Size by Application (2021-2026)
- 10.3.2 Asia Term Insurance Market Size by Application (2027-2032)
- 10.3.3 Asia Term Insurance Market Share by Application (2021-2032)
- 10.4 Asia Term Insurance Market Size by Country
- 10.4.1 Asia Term Insurance Market Size by Country (2021 VS 2025 VS 2032)
- 10.4.2 Asia Term Insurance Market Size by Country (2021-2026)
- 10.4.3 Asia Term Insurance Market Size by Country (2027-2032)
- 10.4.4 Asia Term Insurance Market Share by Country (2021-2032)
- 10.4.5 Japan
- 10.4.6 South Korea
- 10.4.7 Taiwan
- 10.4.8 Southeast Asia
- 10.4.9 India
- 10.4.10 Australia
11 South America, Middle East & Africa
- 11.1 South America, Middle East & Africa Term Insurance Market Size (2021-2032)
- 11.2 South America, Middle East & Africa Term Insurance Market Size by Type
- 11.2.1 South America, Middle East & Africa Term Insurance Market Size by Type (2021-2026)
- 11.2.2 South America, Middle East & Africa Term Insurance Market Size by Type (2027-2032)
- 11.2.3 South America, Middle East & Africa Term Insurance Market Share by Type (2021-2032)
- 11.3 South America, Middle East & Africa Term Insurance Market Size by Application
- 11.3.1 South America, Middle East & Africa Term Insurance Market Size by Application (2021-2026)
- 11.3.2 South America, Middle East & Africa Term Insurance Market Size by Application (2027-2032)
- 11.3.3 South America, Middle East & Africa Term Insurance Market Share by Application (2021-2032)
- 11.4 South America, Middle East & Africa Term Insurance Market Size by Country
- 11.4.1 South America, Middle East & Africa Term Insurance Market Size by Country (2021 VS 2025 VS 2032)
- 11.4.2 South America, Middle East & Africa Term Insurance Market Size by Country (2021-2026)
- 11.4.3 South America, Middle East & Africa Term Insurance Market Size by Country (2027-2032)
- 11.4.4 South America, Middle East & Africa Term Insurance Market Share by Country (2021-2032)
- 11.4.5 Brazil
- 11.4.6 South Africa
- 11.4.7 Saudi Arabia
- 11.4.8 Turkey
- 11.4.9 Argentina
- 11.4.9 UAE
- 11.4.9 Egypt
- 11.4.9 Chile
12 Concluding Insights
13 Appendix
- 13.1 Reasons for Doing This Study
- 13.2 Research Methodology
- 13.3 Research Process
- 13.4 Authors List of This Report
- 13.5 Data Source
- 13.5.1 Secondary Sources
- 13.5.2 Primary Sources
- 13.6 Disclaimer
GET THE RESEARCH
Choose your license.
Choose who needs access.
All options are for this report and research series.
PDF by email within 3–5 working days after payment confirmation.
Talk to an analyst