Bangladesh insurance market to reach $16b in 2025

Per capita spending on insurance is projected at $88.22.

Bangladesh’s insurance market is expected to reach a gross written premium of $15.56b in 2025, according to Statista data.

Life insurance will dominate the sector, accounting for $9.48b of the total.

Per capita spending on insurance is projected at $88.22 in 2025, with $53.73 attributed to life insurance. 

The overall market is forecast to grow at a compound annual rate of 4.02% from 2025 to 2029, reaching $18.22b by the end of the period. 

The life segment is expected to grow at 3.89% annually, hitting $11.04b in 2029.

Growth is being driven by rising awareness of health and life insurance, alongside increasing disposable income. 

Demand for health insurance is also accelerating as more consumers seek healthcare coverage.