Global market valued at USD **752.79B** in 2024; projected to reach USD **1,219.22B** by 2032 (CAGR **6.12%**).
Digital transformation and AI-enabled underwriting drive efficiency and customer experience.
Level term insurance led with USD **494.76B** in 2024; medium-term policies and annual payments also dominate.
North America held the largest share (USD **282.28B** in 2024); Asia Pacific fastest-growing (CAGR **7.40%**).
Recent launches and partnerships, such as LIC's new products and alliances, expand offerings and reach.