Insurance

PUBLISHER: Acute Market Reports | PRODUCT CODE: 1517824

PUBLISHER: Acute Market Reports | PRODUCT CODE: 1517824

Term Insurance Market - Growth, Future Prospects and Competitive Analysis, 2024 - 2032

PUBLISHED: June 14, 2024

PAGES: 179 Pages

DELIVERY TIME: 1-2 business days

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The term insurance market refers to the segment of the insurance industry that deals with term life insurance policies. Term insurance is a type of life insurance policy that provides coverage for a specific period or "term" (e.g., 10, 20, 30 years). If the insured individual dies within this period, the policy pays a death benefit to the designated beneficiaries. The primary purpose of term insurance is to provide financial protection and security to the beneficiaries in the event of the policyholder's untimely death. term insurance market is estimated to grow at a CAGR of 8.5% from 2024 to 2032. The term insurance market caters to a broad range of consumers, from young adults just starting their careers to older individuals seeking to ensure their families' financial stability. The market is influenced by factors such as demographic trends, economic conditions, consumer awareness about financial planning and life insurance, and technological advancements in the insurance industry.

Driver: Increased Awareness and Need for Financial Security

The term insurance market is primarily driven by the increased awareness and need for financial security among individuals. With growing economic uncertainties and the heightened awareness of life's unpredictability, especially in the wake of events like the COVID-19 pandemic, more people are recognizing the importance of having a financial safety net. Term insurance offers an affordable solution to ensure that one's family and dependents are financially secure in the event of an untimely death. This heightened sense of financial responsibility is particularly noticeable among younger adults who are starting families or have significant financial obligations like mortgages or loans. Additionally, the rise in consumer financial education has played a crucial role in this trend. More people are now informed about the benefits of term insurance as part of their overall financial planning, leading to increased demand in the market.

Opportunity: Technological Advancements and Digitalization

Technological advancements and digitalization present significant opportunities in the term insurance market. The integration of technology has streamlined the insurance process, making it easier and faster for consumers to purchase policies. Online platforms and mobile applications allow for quick comparisons of different policies, online calculators to estimate coverage needs, and hassle-free purchase processes. Digitalization also opens the door for personalized policy recommendations using data analytics and AI, enhancing customer experience. Additionally, advancements in underwriting processes through technology have made insurance more accessible to a wider audience, including those who may have been previously uninsurable due to health conditions.

Restraint: Lack of Awareness and Understanding of Term Insurance

Despite growing awareness, a significant restraint in the term insurance market is the continued lack of understanding and awareness of term insurance among a large section of the population. Many people still do not fully grasp the importance of life insurance, or they misunderstand the specifics of term insurance, confusing it with other types of life policies that have investment components. This lack of understanding can lead to underinsurance or a complete absence of coverage. Overcoming this challenge requires continued efforts in consumer education and awareness campaigns to highlight the importance and benefits of term life insurance.

Challenge: Adapting to Regulatory Changes and Market Volatility

The term insurance market faces the challenge of adapting to regulatory changes and market volatility. The insurance industry is highly regulated, and changes in regulations can have a significant impact on how insurers operate and how policies are priced. This includes changes in underwriting rules, tax laws, and other insurance-related regulations. Additionally, market volatility can affect the investment portfolios of insurance companies, which in turn can impact their financial stability and the pricing of insurance products. Insurers must navigate these challenges while maintaining affordability and value for consumers, which requires a delicate balance between risk management, compliance, and market competitiveness.

Type Insights

In the term insurance market, segmentation by type reveals distinct categories: Individual Level Term Life Insurance, Group Level Term Life Insurance, and Decreasing Term Life Insurance, each exhibiting unique growth and revenue characteristics. Individual Level Term Life Insurance, which covers a single person and has a fixed benefit throughout the term, is experiencing the highest Compound Annual Growth Rate (CAGR). This growth is driven by increasing consumer awareness of personal financial planning and the desire for affordable, straightforward life insurance coverage. Despite this high growth rate, Group Level Term Life Insurance holds the largest share in terms of revenue. Offered to groups, typically through employers, associations, or organizations, this insurance type appeals to businesses seeking to provide employee benefits. Its popularity stems from the typically lower premiums compared to individual policies and the ease of enrollment for employees. Decreasing Term Life Insurance, where the coverage amount decreases over the term, usually aligned with the diminishing balance of a loan or mortgage, also plays a significant role in the market, particularly among those seeking to cover specific financial commitments.

Distribution Channel Insights

Regarding the segmentation by distribution channel, the term insurance market includes Tied Agents & Branches, Brokers, and Others. Tied Agents & Branches, representing insurance companies and selling their products exclusively, have traditionally commanded the highest revenue. This dominance is due to their established presence and the trust consumers place in direct interactions with agents. However, the Broker segment is witnessing the highest CAGR. Brokers, who offer products from multiple insurers, provide consumers with a broader range of options and the ability to compare different policies. This flexibility and the increasing consumer preference for independent advice tailored to individual needs are driving the growth in this segment. The 'Others' category, which includes direct online sales and bancassurance, is gaining traction as digital platforms become more prevalent and financial institutions expand their service offerings. Overall, the term insurance market's segmentation by type and distribution channel reflects the diverse preferences of consumers and the evolving landscape of the insurance industry, with each segment contributing to the market's dynamics in terms of growth and revenue.

Regional Insights

In the term insurance market, geographic segmentation highlights varying trends and growth potential across different regions. In 2023, the Asia-Pacific region exhibited the highest Compound Annual Growth Rate (CAGR), fueled by increasing financial awareness, rising middle-class populations, and supportive government policies promoting financial inclusion in countries like India and China. These factors, combined with the region's large and growing population, present a vast untapped market for term insurance products. However, in terms of revenue, North America, particularly the United States, dominated the market. This high revenue share is attributed to the well-established insurance industry, higher consumer awareness about term insurance, and the presence of a large aging population seeking life insurance coverage.

Analysis of Key Players

In terms of competitive trends and top players in the term insurance market, 2023 saw significant contributions from key companies such as MetLife Services and Solutions, LLC., Aegon Life Insurance Company Limited, Prudential Financial, Inc., The Northwestern Mutual Life Insurance Company, State Farm Mutual Automobile Insurance Company, Massachusetts Mutual Life Insurance Company, American International Group, Inc., Lincoln National Corporation, John Hancock, China Life Insurance (Overseas) Company Limited, Bajaj Allianz Life Insurance Co. Ltd. MetLife, with its extensive global presence and diversified product portfolio, had substantial revenues, reflecting its strong market penetration. Prudential Financial, known for its innovative term insurance solutions, focused on expanding its digital offerings and enhancing customer experience. New York Life Insurance Company, with its robust financial strength and tailored products, continued to hold a significant position in the market. From 2024 to 2032, these players are expected to focus on leveraging technology to enhance their product offerings and customer service. This includes the use of data analytics for personalized insurance solutions, digital platforms for easier policy management, and AI-driven tools for streamlined underwriting processes. Additionally, expanding their presence in emerging markets, particularly in Asia-Pacific, is anticipated to be a key strategy for these companies to tap into the growing demand for term insurance products. Collaborations and partnerships with fintech and insurtech companies are also expected to be a strategic focus, aiming to innovate and modernize the traditional insurance model. Furthermore, the competitive landscape is set to witness increased emphasis on catering to the diverse needs of different demographic segments, including younger consumers who are digitally savvy and looking for flexible and transparent insurance solutions. These strategic initiatives, coupled with the evolving consumer preferences and regulatory environments, are poised to shape the market's trajectory, driving growth and offering new opportunities across various geographic regions.

Historical & Forecast Period

This study report represents an analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Term Insurance market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users & consumption volume, price, and value.

Geographical revenues generated by countries considered in the report

Micro and macro environment factors that are currently influencing the Term Insurance market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.

Market Segmentation

Type

Individual Level Term Life Insurance
Group Level Term Life Insurance
Decreasing Term Life Insurance

Distribution Channel

Tied Agents & Branches
Brokers
Others

Region Segment (2022-2032; US$ Million)

North America

U.S.

Canada

Rest of North America

UK and European Union

Germany

Spain

Italy

France

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa

GCC

Africa

Rest of Middle East and Africa

Key questions answered in this report

What are the key micro and macro environmental factors that are impacting the growth of Term Insurance market?

What are the key investment pockets concerning product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2032.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the Term Insurance market?

Which is the largest regional market for Term Insurance market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving Term Insurance market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the Term Insurance market worldwide?

Product Code: 549-07-24

1. Preface

1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted

2. Executive Summary

2.1. Market Snapshot: Global Term Insurance Market
2.2. Global Term Insurance Market, By Type, 2023 (US$ Million)
2.3. Global Term Insurance Market, By Distribution Channel, 2023 (US$ Million)
2.4. Global Term Insurance Market, By Geography, 2023 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2023

3. Term Insurance Market: Competitive Analysis

3.1. Market Positioning of Key Term Insurance Market Vendors
3.2. Strategies Adopted by Term Insurance Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2023 Versus 2032

4. Term Insurance Market: Macro Analysis & Market Dynamics

4.1. Introduction
4.2. Global Term Insurance Market Value, 2022 - 2032, (US$ Million)
4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
4.6. Porter's Five Force Model
- 4.6.1. Supplier Power
- 4.6.2. Buyer Power
- 4.6.3. Threat Of Substitutes
- 4.6.4. Threat Of New Entrants
- 4.6.5. Competitive Rivalry
4.7. PESTEL Analysis
- 4.7.1. Political Landscape
- 4.7.2. Economic Landscape
- 4.7.3. Technology Landscape
- 4.7.4. Legal Landscape
- 4.7.5. Social Landscape

5. Term Insurance Market: By Type, 2022-2032, USD (Million)

5.1. Market Overview
5.2. Growth & Revenue Analysis: 2023 Versus 2032
5.3. Market Segmentation
- 5.3.1. Individual Level Term Life Insurance
- 5.3.2. Group Level Term Life Insurance
- 5.3.3. Decreasing Term Life Insurance

6. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)

6.1. Market Overview
6.2. Growth & Revenue Analysis: 2023 Versus 2032
6.3. Market Segmentation
- 6.3.1. Tied Agents & Branches
- 6.3.2. Brokers
- 6.3.3. Others

7. North America Term Insurance Market, 2022-2032, USD (Million)

7.1. Market Overview
7.2. Term Insurance Market: By Type, 2022-2032, USD (Million)
7.3. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
7.4.Term Insurance Market: By Region, 2022-2032, USD (Million)
- 7.4.1.North America
  - 7.4.1.1. U.S.
    - 7.4.1.1.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 7.4.1.1.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 7.4.1.2. Canada
    - 7.4.1.2.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 7.4.1.2.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 7.4.1.3. Rest of North America
    - 7.4.1.3.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 7.4.1.3.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)

8. UK and European Union Term Insurance Market, 2022-2032, USD (Million)

8.1. Market Overview
8.2. Term Insurance Market: By Type, 2022-2032, USD (Million)
8.3. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
8.4.Term Insurance Market: By Region, 2022-2032, USD (Million)
- 8.4.1.UK and European Union
  - 8.4.1.1. UK
    - 8.4.1.1.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 8.4.1.1.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 8.4.1.2. Germany
    - 8.4.1.2.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 8.4.1.2.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 8.4.1.3. Spain
    - 8.4.1.3.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 8.4.1.3.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 8.4.1.4. Italy
    - 8.4.1.4.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 8.4.1.4.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 8.4.1.5. France
    - 8.4.1.5.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 8.4.1.5.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 8.4.1.6. Rest of Europe
    - 8.4.1.6.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 8.4.1.6.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)

9. Asia Pacific Term Insurance Market, 2022-2032, USD (Million)

9.1. Market Overview
9.2. Term Insurance Market: By Type, 2022-2032, USD (Million)
9.3. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
9.4.Term Insurance Market: By Region, 2022-2032, USD (Million)
- 9.4.1.Asia Pacific
  - 9.4.1.1. China
    - 9.4.1.1.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 9.4.1.1.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 9.4.1.2. Japan
    - 9.4.1.2.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 9.4.1.2.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 9.4.1.3. India
    - 9.4.1.3.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 9.4.1.3.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 9.4.1.4. Australia
    - 9.4.1.4.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 9.4.1.4.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 9.4.1.5. South Korea
    - 9.4.1.5.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 9.4.1.5.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 9.4.1.6. Rest of Asia Pacific
    - 9.4.1.6.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 9.4.1.6.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)

10. Latin America Term Insurance Market, 2022-2032, USD (Million)

10.1. Market Overview
10.2. Term Insurance Market: By Type, 2022-2032, USD (Million)
10.3. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
10.4.Term Insurance Market: By Region, 2022-2032, USD (Million)
- 10.4.1.Latin America
  - 10.4.1.1. Brazil
    - 10.4.1.1.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 10.4.1.1.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 10.4.1.2. Mexico
    - 10.4.1.2.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 10.4.1.2.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 10.4.1.3. Rest of Latin America
    - 10.4.1.3.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 10.4.1.3.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)

11. Middle East and Africa Term Insurance Market, 2022-2032, USD (Million)

11.1. Market Overview
11.2. Term Insurance Market: By Type, 2022-2032, USD (Million)
11.3. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
11.4.Term Insurance Market: By Region, 2022-2032, USD (Million)
- 11.4.1.Middle East and Africa
  - 11.4.1.1. GCC
    - 11.4.1.1.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 11.4.1.1.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 11.4.1.2. Africa
    - 11.4.1.2.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 11.4.1.2.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)
  - 11.4.1.3. Rest of Middle East and Africa
    - 11.4.1.3.1. Term Insurance Market: By Type, 2022-2032, USD (Million)
    - 11.4.1.3.2. Term Insurance Market: By Distribution Channel, 2022-2032, USD (Million)

12. Company Profile

12.1. MetLife Services and Solutions, LLC.
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
12.2. Aegon Life Insurance Company Limited
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
12.3. Prudential Financial, Inc.
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
12.4. The Northwestern Mutual Life Insurance Company
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
12.5. State Farm Mutual Automobile Insurance Company
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
12.6. Massachusetts Mutual Life Insurance Company
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
12.7. American International Group, Inc.
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
12.8. Lincoln National Corporation
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
12.9. John Hancock
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
12.10. China Life Insurance (Overseas) Company Limited
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives
12.11. Bajaj Allianz Life Insurance Co. Ltd.
- 12.11.1. Company Overview
- 12.11.2. Financial Performance
- 12.11.3. Product Portfolio
- 12.11.4. Strategic Initiatives
12.12. Other Notable Players
- 12.12.1. Company Overview
- 12.12.2. Financial Performance
- 12.12.3. Product Portfolio
- 12.12.4. Strategic Initiatives

Product Code: 549-07-24

List of Tables

TABLE 1 Global Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 2 Global Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 3 North America Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 4 North America Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 5 U.S. Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 6 U.S. Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 7 Canada Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 8 Canada Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 9 Rest of North America Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 10 Rest of North America Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 11 UK and European Union Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 12 UK and European Union Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 13 UK Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 14 UK Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 15 Germany Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 16 Germany Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 17 Spain Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 18 Spain Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 19 Italy Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 20 Italy Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 21 France Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 22 France Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 23 Rest of Europe Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 24 Rest of Europe Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 25 Asia Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 26 Asia Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 27 China Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 28 China Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 29 Japan Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 30 Japan Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 31 India Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 32 India Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 33 Australia Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 34 Australia Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 35 South Korea Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 36 South Korea Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 37 Latin America Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 38 Latin America Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 39 Brazil Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 40 Brazil Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 41 Mexico Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 42 Mexico Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 43 Rest of Latin America Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 44 Rest of Latin America Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 45 Middle East and Africa Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 46 Middle East and Africa Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 47 GCC Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 48 GCC Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 49 Africa Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 50 Africa Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)
TABLE 51 Rest of Middle East and Africa Term Insurance Market By Type, 2022-2032, USD (Million)
TABLE 52 Rest of Middle East and Africa Term Insurance Market By Distribution Channel, 2022-2032, USD (Million)

List of Figures

FIG. 1 Global Term Insurance Market: Market Coverage
FIG. 2 Research Methodology and Data Sources
FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
FIG. 4 Global Term Insurance Market: Quality Assurance
FIG. 5 Global Term Insurance Market, By Type, 2023
FIG. 6 Global Term Insurance Market, By Distribution Channel, 2023
FIG. 7 Global Term Insurance Market, By Geography, 2023
FIG. 8 Market Geographical Opportunity Matrix - Global Term Insurance Market, 2023

FIG. 9Market Positioning of Key Term Insurance Market Players, 2023

FIG. 10Global Term Insurance Market - Tier Analysis - Percentage of Revenues by Tier Level, 2023 Versus 2032

FIG. 11 Global Term Insurance Market, By Type, 2023 Vs 2032, %
FIG. 12 Global Term Insurance Market, By Distribution Channel, 2023 Vs 2032, %
FIG. 13 U.S. Term Insurance Market (US$ Million), 2022 - 2032
FIG. 14 Canada Term Insurance Market (US$ Million), 2022 - 2032
FIG. 15 Rest of North America Term Insurance Market (US$ Million), 2022 - 2032
FIG. 16 UK Term Insurance Market (US$ Million), 2022 - 2032
FIG. 17 Germany Term Insurance Market (US$ Million), 2022 - 2032
FIG. 18 Spain Term Insurance Market (US$ Million), 2022 - 2032
FIG. 19 Italy Term Insurance Market (US$ Million), 2022 - 2032
FIG. 20 France Term Insurance Market (US$ Million), 2022 - 2032
FIG. 21 Rest of Europe Term Insurance Market (US$ Million), 2022 - 2032
FIG. 22 China Term Insurance Market (US$ Million), 2022 - 2032
FIG. 23 Japan Term Insurance Market (US$ Million), 2022 - 2032
FIG. 24 India Term Insurance Market (US$ Million), 2022 - 2032
FIG. 25 Australia Term Insurance Market (US$ Million), 2022 - 2032
FIG. 26 South Korea Term Insurance Market (US$ Million), 2022 - 2032
FIG. 27 Rest of Asia Term Insurance Market (US$ Million), 2022 - 2032
FIG. 28 Brazil Term Insurance Market (US$ Million), 2022 - 2032
FIG. 29 Mexico Term Insurance Market (US$ Million), 2022 - 2032
FIG. 30 Rest of Latin America Term Insurance Market (US$ Million), 2022 - 2032
FIG. 31 GCC Term Insurance Market (US$ Million), 2022 - 2032
FIG. 32 Africa Term Insurance Market (US$ Million), 2022 - 2032
FIG. 33 Rest of Middle East and Africa Term Insurance Market (US$ Million), 2022 - 2032