Home BFSI Insurance Services Term Insurance Market

Term Insurance Market Size, Share & Trends Analysis Report By Type (Group Level Term Life Insurance, Decreasing Term Life Insurance), By Distribution Channel (Tied Agents and Branches, Brokers, Bancassurance, Direct and Other Channels) and By Country (U.S., Canada) Forecasts, 2026-2034

Last Updated: July 09, 2026 | Author: Tejas Zamde | Format:
Overview TOC Segmentation Methodology
Download Free Sample

Table Of Content

  1. Executive Summary
  2. Research Scope & Segmentation
    1. Research Objectives
    2. Limitations & Assumptions
    3. Market Scope & Segmentation
    4. Currency & Pricing Considered
  3. Market Opportunity Assessment
    1. Emerging Regions / Countries
    2. Emerging Companies
    3. Emerging Applications / End Use
  4. Market Trends
    1. Drivers
    2. Market Warning Factors
    3. Macro Economic Indicators
    4. Geopolitical Impact
    5. Technology Factors
  5. Market Assessment
    1. Porters Five Forces Analysis
    2. Value Chain Analysis
  6. Term Insurance Market Size Analysis
    1. Introduction
    2. Term Insurance Market Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
      1. Group Level Term Life Insurance
      2. Decreasing Term Life Insurance
    3. Term Insurance Market Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
      1. Tied Agents and Branches
      2. Brokers
      3. Bancassurance
      4. Direct and Other Channels
  7. North America Term Insurance Market Size Analysis
    1. Introduction
    2. Term Insurance Market Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
      1. Group Level Term Life Insurance
      2. Decreasing Term Life Insurance
    3. Term Insurance Market Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
      1. Tied Agents and Branches
      2. Brokers
      3. Bancassurance
      4. Direct and Other Channels
    4. U.S.
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    5. Canada
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
  8. Europe Term Insurance Market Size Analysis
    1. Introduction
    2. Term Insurance Market Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
      1. Group Level Term Life Insurance
      2. Decreasing Term Life Insurance
    3. Term Insurance Market Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
      1. Tied Agents and Branches
      2. Brokers
      3. Bancassurance
      4. Direct and Other Channels
    4. U.K.
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    5. Germany
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    6. France
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    7. Spain
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    8. Italy
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    9. Russia
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    10. Nordic
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    11. Benelux
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    12. Rest of Europe
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
  9. APAC Term Insurance Market Size Analysis
    1. Introduction
    2. Term Insurance Market Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
      1. Group Level Term Life Insurance
      2. Decreasing Term Life Insurance
    3. Term Insurance Market Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
      1. Tied Agents and Branches
      2. Brokers
      3. Bancassurance
      4. Direct and Other Channels
    4. China
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    5. Korea
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    6. Japan
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    7. India
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    8. Australia
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    9. Taiwan
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    10. South East Asia
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    11. Rest of Asia-Pacific
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
  10. Middle East and Africa Term Insurance Market Size Analysis
    1. Introduction
    2. Term Insurance Market Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
      1. Group Level Term Life Insurance
      2. Decreasing Term Life Insurance
    3. Term Insurance Market Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
      1. Tied Agents and Branches
      2. Brokers
      3. Bancassurance
      4. Direct and Other Channels
    4. UAE
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    5. Turkey
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    6. Saudi Arabia
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    7. South Africa
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    8. Egypt
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    9. Nigeria
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    10. Rest of MEA
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
  11. LATAM Term Insurance Market Size Analysis
    1. Introduction
    2. Term Insurance Market Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
      1. Group Level Term Life Insurance
      2. Decreasing Term Life Insurance
    3. Term Insurance Market Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
      1. Tied Agents and Branches
      2. Brokers
      3. Bancassurance
      4. Direct and Other Channels
    4. Brazil
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    5. Mexico
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    6. Argentina
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    7. Chile
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    8. Colombia
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
    9. Rest of LATAM
      1. Introduction
      2. Market Size & Forecast By Type 2022-2034 (USD MILLION/ Units)
        1. Group Level Term Life Insurance
        2. Decreasing Term Life Insurance
      3. Market Size & Forecast By Distribution Channel 2022-2034 (USD MILLION/ Units)
        1. Tied Agents and Branches
        2. Brokers
        3. Bancassurance
        4. Direct and Other Channels
  12. Competitive Landscape
    1. Term Insurance Market Share By Players
    2. M&A Agreements & Collaboration Analysis
    3. Tier Structure Analysis
    4. Recent Developments
  13. Market Players Assessment
    1. MetLife
      1. Overview
      2. Business Information
      3. Revenue
      4. ASP
      5. SWOT Analysis
      6. Recent Developments
    2. Aegon Life Insurance Company
    3. Prudential Financial
    4. Northwestern Mutual
    5. State Farm
    6. MassMutual Life Insurance Company
    7. AIG
    8. Lincoln National
    9. John Hancock USA
    10. China Life Insurance Company Limited
    11. Bajaj Allianz Life Insurance
    12. Life Insurance Corporation of India
    13. HDFC Standard Life Insurance
    14. ICICI Prudential Life Insurance
    15. Kotak Life Insurance
    16. Ping An Insurance (Group) of China Ltd.
    17. China Pacific Insurance (Group) Company Ltd
    18. AXA Life Insurance Co. Ltd.
    19. FWD Fuji Life insurance Company Limited
    20. Medicare Life Insurance Co. Ltd.
    21. AEGON Sony Life Insurance Co.Ltd.
    22. Allianz Life Insurance Japan Ltd.
    23. Tokio Marine & Nichido Life Insurance Co.Ltd.
    24. Liverpool Victoria
    25. Scottish Widows
    26. Aviva
    27. Royal London
    28. SCOR
    29. CNP Assurances
    30. Poste Vita
  14. Research Methodology
    1. Research Data
      1. Secondary Data
        1. Major Secondary Sources
        2. Key Data from Secondary Sources
      2. Primary Data
        1. Key Data from Primary Sources
        2. Breakdown of Primaries
      3. Secondary And Primary Research
        1. Key Industry Insights
    2. Market Size Estimation
      1. Bottom-Up Approach
      2. Top-Down Approach
      3. Market Projection
    3. Research Assumptions
      1. Assumptions
    4. Limitations
    5. Risk Assessment
  15. Appendix
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
  16. Disclaimer
Report Details
−
200+ Trusted Partners
LG Electronics AMCAD Engineering KOBE STEEL LTD. Hindustan National Glass & Industries Limited Voith Group International Paper Hansol Paper Whirlpool Corporation Sony Samsung Electronics Qualcomm Google Fiserv Veto-Pharma Nippon Becton Dickinson Merck Argon Medical Devices Abbott Ajinomoto Denon Doosan Meiji Seika Kaisha Ltd LG Chemicals LCY chemical group Bayer Airrane BASF Toyota Industries Nissan Motors Neenah Mitsubishi Hyundai Motor Company Honda CRP Industries Inc pewag LGE Panasonic Lubrizol Corporation Leonardo Johnson & Johnson HB Fuller MITSUBISHI CHEMICAL Hyundai Mobis Amazon
Download Free Sample
Reach out to us
+1 646 905 0080 (U.S.)
+44 203 695 0070 (U.K.)
sales@straitsresearch.com

We are featured on:

Straits Research
Address:
105, Panchshil The Golden Bell,
Koregaon Park Annexe, Mundhwa,
Pune, Maharashtra 411036
Contact Us:
+1 646 905 0080 (U.S.)
+91 8087085354 (India)
+44 203 695 0070 (U.K.)

sales@straitsresearch.com

Quick Links
Help
Verified. Protected. Secure.
Duns
DMCA.com Protection Status
lets-encrypt
Secure Payments:
Secure Payments
Follow Us:
www.straitsresearch.com © Copyright . All rights Reserved.