Life insurance ownership in Great Britain 2020-2023

Published by Statista Research Department, Nov 1, 2024

Less than 30 percent of households in Great Britain owned life insurance in 2023, though life insurance ownership rose between 2020 and 2023. In 2020, 74 percent of households in Great Britain did not have life insurance and this number dropped to 71.8 percent by 2023. Two companies combined accounted for 10 percent of life insurance providers among British households in 2023.

Share of households with life insurance in Great Britain from 2020 to 2023

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Release date

February 2024

Region

United Kingdom (Great Britain)

Survey time period

2020 to 2023

Number of respondents

24,000+

Age group

15 years and older

Method of interview

Online survey

Supplementary notes

The surveys were carried out during the following periods:
2020: March 2020 to February 2021 (24,240 respondents)

2021: March 2021 to February 2022 (24,024 respondents)

2022: March 2022 to February 2023 (24,141 respondents)

2023: January 2023 to December 2023 (24,167 respondents)

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