Burial Insurance Market Size and trends
The global burial insurance market is estimated to be valued at USD 308.01 Bn in 2025 and is expected to reach USD 457.36 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032.
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Increasing preference for traditional burial formalities and need to reduce the cost burden on family members are expected to drive the demand for burial insurance. In addition, rising promotional and awareness campaigns by insurance companies regarding the benefits of having a pre-paid burial plan have also contributed to the market growth. However, aspects such as preference for inexpensive cremation services and availability of other post-death expense coverage options are expected to hinder the market growth.
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