Group Life Insurance Market Size, Share, and Trends 2024 to 2034

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.

  • Last Updated : December 2024
  • Report Code : 5326
  • Category : Healthcare

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

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

Chapter 5. COVID-19 Impact on Group Life Insurance Market 

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

Chapter 7. Competitive Landscape

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

Chapter 8. Global Group Life Insurance Market, By Type of Coverage

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)

Chapter 9. Global Group Life Insurance Market, By Size of Group

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)

Chapter 10. Global Group Life Insurance Market, By Industry Sector 

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)

Chapter 11. Global Group Life Insurance Market, By Premium Payment Methods

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)

Chapter 12. Global Group Life Insurance Market, By Benefit Level

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)

Chapter 13. Global Group Life Insurance Market, Regional Estimates and Trend Forecast

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)

Chapter 14. Company Profiles

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

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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