The global group life insurance market size accounted for USD 148.72 billion in 2024, grew to 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 2024 and 2034.
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, 2024-2034
8.1.1. Term Life Insurance
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Whole Life Insurance
8.1.2.1. Market Revenue and Forecast (2021-2034)
8.1.3. Universal Life Insurance
8.1.3.1. Market Revenue and Forecast (2021-2034)
8.1.4. Variable Life Insurance
8.1.4.1. Market Revenue and Forecast (2021-2034)
9.1. Group Life Insurance Market, by Size of Group, 2024-2034
9.1.1. Small Group (2-50 Employees)
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Medium Group (51-100 Employees)
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Large Group (101+ Employees)
9.1.3.1. Market Revenue and Forecast (2021-2034)
10.1. Group Life Insurance Market, by Industry Sector, 2024-2034
10.1.1. Healthcare
10.1.1.1. Market Revenue and Forecast (2021-2034)
10.1.2. Education
10.1.2.1. Market Revenue and Forecast (2021-2034)
10.1.3. Government
10.1.3.1. Market Revenue and Forecast (2021-2034)
10.1.4. Manufacturing
10.1.4.1. Market Revenue and Forecast (2021-2034)
10.1.5. Technology
10.1.5.1. Market Revenue and Forecast (2021-2034)
11.1. Group Life Insurance Market, by Premium Payment Methods, 2024-2034
11.1.1. Monthly
11.1.1.1. Market Revenue and Forecast (2021-2034)
11.1.2. Quarterly
11.1.2.1. Market Revenue and Forecast (2021-2034)
11.1.3. Annually
11.1.3.1. Market Revenue and Forecast (2021-2034)
11.1.4. Single Premium
11.1.4.1. Market Revenue and Forecast (2021-2034)
12.1. Group Life Insurance Market, by Benefit Level, 2024-2034
12.1.1. Basic Coverage
12.1.1.1. Market Revenue and Forecast (2021-2034)
12.1.2. Enhanced Coverage
12.1.2.1. Market Revenue and Forecast (2021-2034)
12.1.3. Supplemental Coverage
12.1.3.1. Market Revenue and Forecast (2021-2034)
13.1. North America
13.1.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.1.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.1.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.1.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.1.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.1.6.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.1.6.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.1.6.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.1.6.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.1.7. Rest of North America
13.1.7.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.1.7.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.1.7.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.1.7.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.1.7.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.2.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.2.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.2.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.2.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.2.6.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.2.6.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.2.7. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.2.8. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.2.9.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.2.9.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.2.10. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.2.11. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.2.12.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.2.12.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.2.12.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.2.13. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.2.14.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.2.14.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.2.14.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.2.15. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.3.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.3.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.3.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.3.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.3.6.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.3.6.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.3.6.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.3.7. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.3.8.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.3.8.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.3.8.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.3.9. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.3.10.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.3.10.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.3.10.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.3.10.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.3.11.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.3.11.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.3.11.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.3.11.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.4.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.4.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.4.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.4.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.4.6.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.4.6.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.4.6.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.4.7. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.4.8.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.4.8.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.4.8.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.4.9. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.4.10.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.4.10.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.4.10.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.4.10.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.4.11.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.4.11.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.4.11.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.4.11.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.5.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.5.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.5.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.5.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.5.6.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.5.6.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.5.6.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.5.7. Market Revenue and Forecast, by Benefit Level (2021-2034)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type of Coverage (2021-2034)
13.5.8.2. Market Revenue and Forecast, by Size of Group (2021-2034)
13.5.8.3. Market Revenue and Forecast, by Industry Sector (2021-2034)
13.5.8.4. Market Revenue and Forecast, by Premium Payment Methods (2021-2034)
13.5.8.5. Market Revenue and Forecast, by Benefit Level (2021-2034)
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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