Selected research
Market Analysis & Forecast
Global Term Insurance Market Analysis and Forecast 2026-2032
Market perspective
The global Term Insurance market is projected to grow from US$ million in 2026 to US$ million by 2032, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
The North America market for Term Insurance is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
Europe market for Term Insurance is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
Read the full market overview
Asia-Pacific market for Term Insurance is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
The China market for Term Insurance is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
The major global companies 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., etc. In 2025, the world's top three vendors accounted for approximately % of the revenue.
Report Includes
This report presents an overview of global market for Term Insurance, market size. Analyses of the global market trends, with historic market revenue data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of Term Insurance, also provides the revenue of main regions and countries. Of the upcoming market potential for Term Insurance, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Term Insurance revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Term Insurance market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2021 to 2032. Evaluation and forecast the market size for Term Insurance revenue, projected growth trends, production technology, application and end-user industry.
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 growth rate (CAGR), market share, historical and forecast.
2. To present the key players, 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 market size), 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. 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: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: 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.
Chapter 4: Detailed analysis of Term Insurance company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: 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 6: 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 7: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Term Insurance revenue, gross margin, and recent development, etc.
Chapter 8: North America by type, by application and by country, revenue for each segment.
Chapter 9: Europe by type, by application and by country, revenue for each segment.
Chapter 10: China type, by application, revenue for each segment.
Chapter 11: Asia (excluding China) type, by application and by region, revenue for each segment.
Chapter 12: South America, Middle East and Africa by type, by application and by country, revenue for each segment.
Chapter 13: The main 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 Term Insurance Market by Type
- 1.2.1 Global Term Insurance Market Size 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 Term Insurance Market by Application
- 1.3.1 Global Term Insurance Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Tied Agents & Branches
- 1.3.3 Brokers
- 1.3.4 Others
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 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 Global Growth Perspective
- 3.1 Global Term Insurance Market Perspective (2021-2032)
- 3.2 Global Term Insurance Growth Trends by Region
- 3.2.1 Global Term Insurance Market Size by Region: 2021 VS 2025 VS 2032
- 3.2.2 Global Term Insurance Market Size by Region (2021-2026)
- 3.2.3 Global Term Insurance Market Size by Region (2027-2032)
4 Competitive Landscape by Players
- 4.1 Global Term Insurance Revenue by Players
- 4.1.1 Global Term Insurance Revenue by Players (2021-2026)
- 4.1.2 Global Term Insurance Revenue Market Share by Players (2021-2026)
- 4.1.3 Global Term Insurance Players Revenue Share Top 10 and Top 5 in 2025
- 4.2 Global Term Insurance Key Players Ranking, 2024 VS 2025 VS 2026
- 4.3 Global Term Insurance Key Players Headquarters & Area Served
- 4.4 Global Term Insurance Players, Product Type & Application
- 4.5 Global Term Insurance Players Establishment Date
- 4.6 Market Competitive Analysis
- 4.6.1 Global Term Insurance Market CR5 and HHI
- 4.6.3 2025 Term Insurance Tier 1, Tier 2, and Tier 3
5 Term Insurance Market Size by Type
- 5.1 Global Term Insurance Revenue by Type (2021 VS 2025 VS 2032)
- 5.2 Global Term Insurance Revenue by Type (2021-2032)
- 5.3 Global Term Insurance Revenue Market Share by Type (2021-2032)
6 Term Insurance Market Size by Application
- 6.1 Global Term Insurance Revenue by Application (2021 VS 2025 VS 2032)
- 6.2 Global Term Insurance Revenue by Application (2021-2032)
- 6.3 Global Term Insurance Revenue Market Share by Application (2021-2032)
7 Company Profiles
- 7.1 MetLife
- 7.1.1 MetLife Company Information
- 7.1.2 MetLife Business Overview
- 7.1.3 MetLife Term Insurance Revenue and Gross Margin (2021-2026)
- 7.1.4 MetLife Term Insurance Product Portfolio
- 7.1.5 MetLife Recent Developments
- 7.2 AIA Group Limited
- 7.2.1 AIA Group Limited Company Information
- 7.2.2 AIA Group Limited Business Overview
- 7.2.3 AIA Group Limited Term Insurance Revenue and Gross Margin (2021-2026)
- 7.2.4 AIA Group Limited Term Insurance Product Portfolio
- 7.2.5 AIA Group Limited Recent Developments
- 7.3 Prudential Financial Inc
- 7.3.1 Prudential Financial Inc Company Information
- 7.3.2 Prudential Financial Inc Business Overview
- 7.3.3 Prudential Financial Inc Term Insurance Revenue and Gross Margin (2021-2026)
- 7.3.4 Prudential Financial Inc Term Insurance Product Portfolio
- 7.3.5 Prudential Financial Inc Recent Developments
- 7.4 Manulife Financial Corporation
- 7.4.1 Manulife Financial Corporation Company Information
- 7.4.2 Manulife Financial Corporation Business Overview
- 7.4.3 Manulife Financial Corporation Term Insurance Revenue and Gross Margin (2021-2026)
- 7.4.4 Manulife Financial Corporation Term Insurance Product Portfolio
- 7.4.5 Manulife Financial Corporation Recent Developments
- 7.5 China Life Insurance Company Limited
- 7.5.1 China Life Insurance Company Limited Company Information
- 7.5.2 China Life Insurance Company Limited Business Overview
- 7.5.3 China Life Insurance Company Limited Term Insurance Revenue and Gross Margin (2021-2026)
- 7.5.4 China Life Insurance Company Limited Term Insurance Product Portfolio
- 7.5.5 China Life Insurance Company Limited Recent Developments
- 7.6 Allianz SE
- 7.6.1 Allianz SE Company Information
- 7.6.2 Allianz SE Business Overview
- 7.6.3 Allianz SE Term Insurance Revenue and Gross Margin (2021-2026)
- 7.6.4 Allianz SE Term Insurance Product Portfolio
- 7.6.5 Allianz SE Recent Developments
- 7.7 New York Life Insurance Company
- 7.7.1 New York Life Insurance Company Company Information
- 7.7.2 New York Life Insurance Company Business Overview
- 7.7.3 New York Life Insurance Company Term Insurance Revenue and Gross Margin (2021-2026)
- 7.7.4 New York Life Insurance Company Term Insurance Product Portfolio
- 7.7.5 New York Life Insurance Company Recent Developments
- 7.8 Japan Post Holdings Co., Ltd
- 7.8.1 Japan Post Holdings Co., Ltd Company Information
- 7.8.2 Japan Post Holdings Co., Ltd Business Overview
- 7.8.3 Japan Post Holdings Co., Ltd Term Insurance Revenue and Gross Margin (2021-2026)
- 7.8.4 Japan Post Holdings Co., Ltd Term Insurance Product Portfolio
- 7.8.5 Japan Post Holdings Co., Ltd Recent Developments
- 7.9 Ping An Insurance (Group) Company of China, Ltd.
- 7.9.1 Ping An Insurance (Group) Company of China, Ltd. Company Information
- 7.9.2 Ping An Insurance (Group) Company of China, Ltd. Business Overview
- 7.9.3 Ping An Insurance (Group) Company of China, Ltd. Term Insurance Revenue and Gross Margin (2021-2026)
- 7.9.4 Ping An Insurance (Group) Company of China, Ltd. Term Insurance Product Portfolio
- 7.9.5 Ping An Insurance (Group) Company of China, Ltd. Recent Developments
- 7.10 Northwestern Mutual Life Insurance Company
- 7.10.1 Northwestern Mutual Life Insurance Company Company Information
- 7.10.2 Northwestern Mutual Life Insurance Company Business Overview
- 7.10.3 Northwestern Mutual Life Insurance Company Term Insurance Revenue and Gross Margin (2021-2026)
- 7.10.4 Northwestern Mutual Life Insurance Company Term Insurance Product Portfolio
- 7.10.5 Northwestern Mutual Life Insurance Company Recent Developments
- 7.11 State Farm Mutual Automobile Insurance Company
- 7.11.1 State Farm Mutual Automobile Insurance Company Company Information
- 7.11.2 State Farm Mutual Automobile Insurance Company Business Overview
- 7.11.3 State Farm Mutual Automobile Insurance Company Term Insurance Revenue and Gross Margin (2021-2026)
- 7.11.4 State Farm Mutual Automobile Insurance Company Term Insurance Product Portfolio
- 7.11.5 State Farm Mutual Automobile Insurance Company Recent Developments
- 7.12 AXA S.A
- 7.12.1 AXA S.A Company Information
- 7.12.2 AXA S.A Business Overview
- 7.12.3 AXA S.A Term Insurance Revenue and Gross Margin (2021-2026)
- 7.12.4 AXA S.A Term Insurance Product Portfolio
- 7.12.5 AXA S.A Recent Developments
- 7.13 Dai-ichi Life Holdings, Inc
- 7.13.1 Dai-ichi Life Holdings, Inc Company Information
- 7.13.2 Dai-ichi Life Holdings, Inc Business Overview
- 7.13.3 Dai-ichi Life Holdings, Inc Term Insurance Revenue and Gross Margin (2021-2026)
- 7.13.4 Dai-ichi Life Holdings, Inc Term Insurance Product Portfolio
- 7.13.5 Dai-ichi Life Holdings, Inc Recent Developments
- 7.14 Zurich Insurance Group Ltd.
- 7.14.1 Zurich Insurance Group Ltd. Company Information
- 7.14.2 Zurich Insurance Group Ltd. Business Overview
- 7.14.3 Zurich Insurance Group Ltd. Term Insurance Revenue and Gross Margin (2021-2026)
- 7.14.4 Zurich Insurance Group Ltd. Term Insurance Product Portfolio
- 7.14.5 Zurich Insurance Group Ltd. Recent Developments
- 7.15 LIC (Life Insurance Corporation of India)
- 7.15.1 LIC (Life Insurance Corporation of India) Company Information
- 7.15.2 LIC (Life Insurance Corporation of India) Business Overview
- 7.15.3 LIC (Life Insurance Corporation of India) Term Insurance Revenue and Gross Margin (2021-2026)
- 7.15.4 LIC (Life Insurance Corporation of India) Term Insurance Product Portfolio
- 7.15.5 LIC (Life Insurance Corporation of India) Recent Developments
8 North America
- 8.1 North America Term Insurance Revenue (2021-2032)
- 8.2 North America Term Insurance Revenue by Type (2021-2032)
- 8.2.1 North America Term Insurance Revenue by Type (2021-2026)
- 8.2.2 North America Term Insurance Revenue by Type (2027-2032)
- 8.3 North America Term Insurance Revenue Share by Type (2021-2032)
- 8.4 North America Term Insurance Revenue by Application (2021-2032)
- 8.4.1 North America Term Insurance Revenue by Application (2021-2026)
- 8.4.2 North America Term Insurance Revenue by Application (2027-2032)
- 8.5 North America Term Insurance Revenue Share by Application (2021-2032)
- 8.6 North America Term Insurance Revenue by Country
- 8.6.1 North America Term Insurance Revenue by Country (2021 VS 2025 VS 2032)
- 8.6.2 North America Term Insurance Revenue by Country (2021-2026)
- 8.6.3 North America Term Insurance Revenue by Country (2027-2032)
- 8.6.4 United States
- 8.6.5 Canada
- 8.6.6 Mexico
9 Europe
- 9.1 Europe Term Insurance Revenue (2021-2032)
- 9.2 Europe Term Insurance Revenue by Type (2021-2032)
- 9.2.1 Europe Term Insurance Revenue by Type (2021-2026)
- 9.2.2 Europe Term Insurance Revenue by Type (2027-2032)
- 9.3 Europe Term Insurance Revenue Share by Type (2021-2032)
- 9.4 Europe Term Insurance Revenue by Application (2021-2032)
- 9.4.1 Europe Term Insurance Revenue by Application (2021-2026)
- 9.4.2 Europe Term Insurance Revenue by Application (2027-2032)
- 9.5 Europe Term Insurance Revenue Share by Application (2021-2032)
- 9.6 Europe Term Insurance Revenue by Country
- 9.6.1 Europe Term Insurance Revenue by Country (2021 VS 2025 VS 2032)
- 9.6.2 Europe Term Insurance Revenue by Country (2021-2026)
- 9.6.3 Europe Term Insurance Revenue by Country (2027-2032)
- 9.6.4 Germany
- 9.6.5 France
- 9.6.6 U.K.
- 9.6.7 Italy
- 9.6.8 Russia
- 9.6.9 Spain
- 9.6.10 Netherlands
- 9.6.11 Switzerland
- 9.6.12 Sweden
- 9.6.13 Poland
10 China
- 10.1 China Term Insurance Revenue (2021-2032)
- 10.2 China Term Insurance Revenue by Type (2021-2032)
- 10.2.1 China Term Insurance Revenue by Type (2021-2026)
- 10.2.2 China Term Insurance Revenue by Type (2027-2032)
- 10.3 China Term Insurance Revenue Share by Type (2021-2032)
- 10.4 China Term Insurance Revenue by Application (2021-2032)
- 10.4.1 China Term Insurance Revenue by Application (2021-2026)
- 10.4.2 China Term Insurance Revenue by Application (2027-2032)
- 10.5 China Term Insurance Revenue Share by Application (2021-2032)
11 Asia (Excluding China)
- 11.1 Asia Term Insurance Revenue (2021-2032)
- 11.2 Asia Term Insurance Revenue by Type (2021-2032)
- 11.2.1 Asia Term Insurance Revenue by Type (2021-2026)
- 11.2.2 Asia Term Insurance Revenue by Type (2027-2032)
- 11.3 Asia Term Insurance Revenue Share by Type (2021-2032)
- 11.4 Asia Term Insurance Revenue by Application (2021-2032)
- 11.4.1 Asia Term Insurance Revenue by Application (2021-2026)
- 11.4.2 Asia Term Insurance Revenue by Application (2027-2032)
- 11.5 Asia Term Insurance Revenue Share by Application (2021-2032)
- 11.6 Asia Term Insurance Revenue by Country
- 11.6.1 Asia Term Insurance Revenue by Country (2021 VS 2025 VS 2032)
- 11.6.2 Asia Term Insurance Revenue by Country (2021-2026)
- 11.6.3 Asia Term Insurance Revenue by Country (2027-2032)
- 11.6.4 Japan
- 11.6.5 South Korea
- 11.6.6 India
- 11.6.7 Australia
- 11.6.8 Taiwan
- 11.6.9 Southeast Asia
12 South America, Middle East and Africa
- 12.1 SAMEA Term Insurance Revenue (2021-2032)
- 12.2 SAMEA Term Insurance Revenue by Type (2021-2032)
- 12.2.1 SAMEA Term Insurance Revenue by Type (2021-2026)
- 12.2.2 SAMEA Term Insurance Revenue by Type (2027-2032)
- 12.3 SAMEA Term Insurance Revenue Share by Type (2021-2032)
- 12.4 SAMEA Term Insurance Revenue by Application (2021-2032)
- 12.4.1 SAMEA Term Insurance Revenue by Application (2021-2026)
- 12.4.2 SAMEA Term Insurance Revenue by Application (2027-2032)
- 12.5 SAMEA Term Insurance Revenue Share by Application (2021-2032)
- 12.6 SAMEA Term Insurance Revenue by Country
- 12.6.1 SAMEA Term Insurance Revenue by Country (2021 VS 2025 VS 2032)
- 12.6.2 SAMEA Term Insurance Revenue by Country (2021-2026)
- 12.6.3 SAMEA Term Insurance Revenue by Country (2027-2032)
- 12.6.4 Brazil
- 12.6.5 Argentina
- 12.6.6 Chile
- 12.6.7 Colombia
- 12.6.8 Peru
- 12.6.9 Saudi Arabia
- 12.6.10 Israel
- 12.6.11 UAE
- 12.6.12 Turkey
- 12.6.13 Iran
- 12.6.14 Egypt
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
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