The global Group Term Insurance market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of % from 2025 to 2031.

Group Term Insurance is a type of life insurance coverage provided to a group of people, typically employees of a company or members of an organization. Under this insurance arrangement, the policyholder (usually the employer or organization) purchases a single master policy that covers all eligible members of the group.

Group term insurance is often offered as part of an employee benefits package.

• Affordability: Group term insurance is usually more cost-effective than individual life insurance policies because the risk is spread across a larger pool of insured individuals.
• Coverage Amount: It provides a predetermined death benefit amount to the beneficiaries if an insured member passes away during the policy term.

ReportPrime's newest research report, the “Group Term Insurance Industry Forecast” looks at past sales and reviews total world Group Term Insurance sales in 2024, providing a comprehensive analysis by region and market sector of projected Group Term Insurance sales for 2025 through 2031.

This Insight Report provides a comprehensive analysis of the global Group Term Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity.

This report also analyses the strategies of leading global companies with a focus on Group Term Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Group Term Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Group Term Insurance and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity.

With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Group Term Insurance.

This report presents a comprehensive overview, market shares, and growth opportunities of Group Term Insurance market by product type, application, key players and key regions and countries.

• Level Term Plans Insurance
• Increasing Term Insurance
• Decreasing Term Insurance

• Tied Agents and Branches
• Brokers
• Others

• Americas
• APAC
• Europe
• Middle East & Africa

• MetLife
• Prudential Financial, Inc.
• Lincoln National Corporation
• Unum Group
• New York Life Insurance Company
• Voya Services Company
• United Healthcare Services, Inc.
• Securian Financial Group, Inc.
• Reliance Standard Life Insurance Co.
• The Guardian Life Insurance Company of America