The global life insurance market is poised for growth, driven by factors like increased awareness of financial security and ease of access to life insurance. The TechSci Research report, "Life Insurance Market– Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028," emphasizes life insurance as a vital financial tool offering protection against unexpected events like death, disability, and critical illness. Policies provide financial support to dependents, with lump-sum payouts covering living expenses, debts, and supporting beneficiaries.

Beyond income protection, life insurance offers tax advantages and investment options. Wellness and preventive health programs, coupled with partnerships between insurers and healthcare providers, contribute to market expansion. The market witnesses a rising demand for insurance products with additional benefits, such as investment opportunities and retirement planning.

Report Scope: https://www.techsciresearch.com/report/life-insurance-market/4795.html 

In this report, the global life insurance market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Life Insurance Market, By Type:

    • Term Life Insurance

    • Whole Life Insurance

    • Universal Life Insurance

    • Others

  • Global Life Insurance Market, By Premium Type:

    •  Regular

    • Single

  • Global Life Insurance Market, By Premium Range:

    • Low

    • Medium

    • High

  • Global Life Insurance Market, By Provider:

    • Insurance Companies

    • Insurance Agents/Brokers

    • Insurtech Companies

    • Others

  • Global Life Insurance Market, By Mode Of Purchase:

    • Online

    • Offline

  • Global Life Insurance Market, By Region:

o   North America

o   United States

o   Canada

o   Mexico

o   Asia-Pacific

o   China

o   India

o   Japan

o   South Korea

o   Australia

o   Europe

o   Germany

o   France

o   United Kingdom

o   Italy

o   Spain

o   Middle East & Africa

o   Saudi Arabia

o   UAE

o   South Africa

o   Turkey

o   South America

o   Brazil

o   Argentina

o   Colombia

Despite challenges like regulatory burden and competition, the market presents opportunities, including technological advancements, data analytics for product development, and a growing demand for wellness programs.

Key market players operating in the global life insurance market include:

  • AIA Group Limited

  • American International Group (AIG)

  • Allianz SE

  • AXA Group

  • China Life Insurance (Overseas) Company Limited

  • Berkshire Hathaway Life Insurance Company of Nebraska

  • ING Bank A.S.

  • Ping An Insurance (Group) Company of China, Ltd.

  • The Prudential Insurance Company of America

  • MetLife, Inc.

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According to Mr. Karan Chechi, Research Director at TechSci Research, the dynamic life insurance industry offers essential financial protection, adaptable policies, and potential growth driven by rising life expectancy and increased awareness.

The comprehensive report, "Life Insurance Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028," delves into the market's future growth potential, providing statistics, market structure, size, share, and insights into emerging trends, drivers, challenges, and opportunities globally. The report aims to provide cutting-edge market intelligence for informed decision-making.

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