Life Insurance Market, Comprehensive Analysis, Growth and Major Policies Report
Global Life Insurance market was estimated at USD 1,157.11 billion in 2021, and is anticipated to reach USD 2021.96 billion by 2028, growing at a CAGR of 8.3%.
The selling of life insurance plans makes up the market. When an insured individual die, a life insurance broker enters into a legal arrangement with the policyholder in which the insurer agrees to pay a specified beneficiary a sum of money in return for a premium.