Term Insurance Market Size, Share & Industry Analysis, By Insurance Type (Level Term Insurance, Decreasing Term Insurance, Return of Premium Term Insurance, and Convertible Term Insurance), By Policy Duration (Short-Term (1-5 years), Medium-Term (6-15 years), and Long-Term (16-30 years)), By Payment Frequency (Monthly, Quarterly, and Annually), By Distribution Channel (Bancassurance, Direct to Consumer/Online, Independent Agents and Brokers, and Workplace), and Regional Forecast, 2025-2032

Last Updated: January 05, 2026 | Format: PDF | Report ID: FBI114633

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Report Scope & Segmentation

Attributes	Details
Study Period	2019-2032
Base Year	2024
Forecast Period	2025-2032
Growth Rate	CAGR of 6.12% from 2025-2032
Historical Period	2019-2023
Unit	Value (USD Billion)
Segmentation	By Insurance Type, Policy Duration, Payment Frequency, Distribution Channel, and Region
By Insurance Type	Level Term Insurance Decreasing Term Insurance Return of Premium Term Insurance Convertible Term Insurance
By Policy Duration	Short-Term (1-5 years) Medium-Term (6-15 years) Long-Term (16-30 years)
By Payment Frequency	Monthly Quarterly Annually
By Distribution Channel	Bancassurance Direct to Consumer / Online Independent Agents and Brokers Workplace
By Region	North America (By Insurance Type, Policy Duration, Payment Frequency, Distribution Channel, and Country/Sub-region) U.S. Canada Mexico Europe (By Insurance Type, Policy Duration, Payment Frequency, Distribution Channel, and Country/Sub-region) U.K. Germany France Spain Italy Rest of Europe Asia Pacific (By Insurance Type, Policy Duration, Payment Frequency, Distribution Channel, and Country/Sub-region) China Japan India Australia South Korea Rest of Asia Pacific South America (By Insurance Type, Policy Duration, Payment Frequency, Distribution Channel, and Country/Sub-region) Argentina Brazil Rest of South America Middle East & Africa (By Insurance Type, Policy Duration, Payment Frequency, Distribution Channel, and Country/Sub-region) GCC South Africa Rest of the Middle East & Africa