Group Life Insurance Market Size
Market Size in USD Bn
CAGR10.8%
| Study Period | 2025-2032 |
| Base Year of Estimation | 2024 |
| CAGR | 10.8% |
| Market Concentration | High |
| Major Players | Allianz SE, Cigna HealthCare of California, Inc., American National, Ping An Insurance, The Allstate Corporation and Among Others |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Group Life Insurance Market Analysis
The group life insurance market is estimated to be valued at USD 164.71 Bn in 2025 and is expected to reach USD 337.67 Bn by 2032. It is projected to grow at a compound annual growth rate (CAGR) of 10.8% from 2025 to 2032. Increased coverage for employees and their families alongside rising health awareness among organizations is driving the group life insurance market.