Endowment Insurances Market size was valued at USD 160 Billion in 2024 and is projected to reach USD 250 Billion by 2033, exhibiting a CAGR of 5.5% from 2026 to 2033.
In 2023, the global endowment insurance market exhibited notable regional variations in size and share. North America led with a 30% contribution to total revenue, reflecting the regions mature insurance industry and high financial literacy. The Asia Pacific region followed closely, accounting for 28% of the market, driven by rising demand in emerging economies such as China and India. Europe held a 25% share, supported by a strong emphasis on financial security and long term savings. Latin America and the Middle East & Africa contributed 10% and 7%, respectively, indicating emerging opportunities in these regions. The Asia Pacific region is projected to experience the fastest growth, with a compound annual growth rate (CAGR) of 7.5% from 2024 to 2032. This growth is attributed to rapid economic development, increasing disposable incomes, and a growing middle class population in countries like China and India. The expansion of digital platforms and mobile technology further facilitates consumer access to endowment policies, enhancing market penetration.
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Chubb
Sun Life Philippines
Tokio Marine
AIA Group
Royal London
AMP Life
BDO Life
ICICI Prudential Life
My Insurance Club
Edelweiss Tokio Life Insurance Company Limited
Eindiainsurance
New China Life Insurance
PICC Life Insurance
Ping An Insurance
Taiping Pension Co.
Ltd.
Changjiang Pension Insurance Co.
Ltd.
Taikang Pension
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Endowment Insurances Market
Android
iOS
Windows
Others
Budget Smartphones (Under $300)
Mid-Range Smartphones ($300 - $700)
Premium Smartphones (Above $700)
Compact (Under 5.5 inches)
Medium (5.5 to 6.5 inches)
Large (Above 6.5 inches)
Single Camera
Dual Camera
Triple Camera and Beyond
Selfie-Centric Cameras
Gaming
Photography
Business/Professional Use
Social Media and Entertainment
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Endowment Insurances Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Endowment Insurances Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Endowment Insurances Market, By Type
6. Global Endowment Insurances Market, By Application
7. Global Endowment Insurances Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Endowment Insurances Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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