Towards Healthcare
Life Insurance Market to Reach USD 4.20 Tn by 2034

Life Insurance Market 2025 Shifts in Consumer Preferences

Projections indicate that, life insurance industry is projected to rise from USD 3.59 trillion in 2024 to USD 4.20 trillion by 2034, reflecting a CAGR of 1.54% over the next decade. The life insurance market is growing as it offers economic security against healthcare expenses, like surgeries, hospitalization, ambulance expenses, medications, and other healthcare services. North America is dominant in the market due to strong economic conditions and early adoption of technology.

  • Insight Code: 6155
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: September 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Rohan Patil is a seasoned market research professional with over 5 years of focused experience in the healthcare sector, bringing deep domain expertise, strategic foresight, and analytical precision to every project he undertakes.

He began his journey with Precedence Research, where he played a pivotal role in developing high-impact healthcare market reports. Today, Rohan leads research initiatives at Towards Healthcare, while also contributing to Statifacts, where he supports cross-industry analysis and data-driven storytelling.

Rohan’s core strengths lie in trend analysis and emerging technologies, regulatory monitoring and thought leadership through high-quality report writing. He excels at identifying future-ready opportunities and translating complex data into strategic recommendations. His work spans pharmaceuticals, biotechnology, medical devices, and digital health, assessing everything from market potential and competitive positioning to customer needs and regulatory shifts.

A trusted advisor and a relentless innovator, Rohan continues to push the boundaries of traditional market research, merging scientific rigor with commercial insight to stay ahead in a fast-evolving healthcare landscape.

FAQ's

The life insurance market stands at USD 3.65 trillion in 2025 and is expected to reach USD 4.20 trillion by 2034, growing at a CAGR of 1.54% from 2024 to 2034.

North America is currently leading the life insurance market share 35% due to the presence of a regulatory environment and rapid economic growth.

Some key players include MetLife, Inc., Prudential Financial, Inc., Manulife Financial Corporation, Sun Life Financial, AIA Group Limited, and AXA S.A.

It is a lifetime comprehensive coverage that offers complete insurance. It pays out to your beneficiary at the point of the policyholder death. These are medical coverage and cover health needs.

There are many types of health insurance available in India, which are broadly classified as individual, family, group, and senior citizen policies.

Ministry of Health and Family Welfare, Government of India, National Institutes of Health, FDA, WHO, PIB, CDC.