Life Insurance in Australia - Market Size (2008–2031)

ANZSIC K6310 Last Updated: May 2025

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$23.6bn

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Life Insurance in Australia Market Size in 2025
-2.7%

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 Life Insurance in Australia Market Size Growth in 2025
-4.9%

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 Life Insurance in Australia Market Size CAGR 2020-2025

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 Life Insurance in Australia Market Size CAGR 2025-2030

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Questions Clients Ask About This Industry

  • What was the market size of the Life Insurance in Australia in 2024?

    The market size of the Life Insurance in Australia was $24.3bn in 2024.

  • What was the growth rate of the Life Insurance in Australia in 2024?

    The market size of the Life Insurance in Australia increased 17.3% in 2024.

  • What was the market size of the Life Insurance in Australia in 2025?

    The market size of the Life Insurance in Australia is $23.6bn in 2025.

  • What is the growth rate of the Life Insurance in Australia in 2025?

    The market size of the Life Insurance in Australia decreased -2.7% in 2025.

  • Has the Life Insurance in Australia grown or declined over the past 5 years?

    The market size of the Life Insurance in Australia has grown at a 17.3% CAGR between 2019 and 2024.

  • Is the Life Insurance in Australia expected to grow or decline over the next five years?

    See our full analysis of the Life Insurance in Australia to understand if the industry market size is expected to grow or decline over the next five years.

  • Has the Life Insurance in Australia grown or declined over the past 5 years?

    The market size of the Life Insurance in Australia has declined at a -4.9% CAGR between 2020 and 2025.

  • Is the Life Insurance in Australia expected to grow or decline over the next five years?

    See our full analysis of the Life Insurance in Australia to understand if the industry market size is expected to grow or decline over the next five years.

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Life Insurance in Australia in Australia

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