Kuwait Unit Linked Insurance Market size is projected to grow at a CAGR of 3.4% during 2025E-2031F

Medium Term (6-15 Years) segment by Policy Term held the highest revenue share in Kuwait Unit Linked Insurance Market -6Wresearch

Medium-term (6-15 Years) policies led Kuwait unit linked insurance market in 2024 to held the highest revenue share on the back of growing preference for balanced investment options that offer moderate risk and better returns over a manageable time frame, catering to individuals seeking financial flexibility and long-term growth.

According to 6Wresearch, the Kuwait Unit Linked Insurance Market size is projected to grow at a CAGR of 3.4% during 2025E-2031F. The Unit-Linked Insurance (ULIP) market in Kuwait is poised for moderate growth, supported by the rapid expansion of digital commerce and advancements in the country’s banking infrastructure. With increasing internet penetration and the ongoing digital transformation, Kuwait is witnessing a surge in digital banking adoption providing a strong foundation for integrated financial products like ULIPs. The retail banking sector alone is projected to reach high market volume, with bank account penetration expected to rise by next year, signalling broader financial inclusion.

This digital shift is accompanied by improving macroeconomic indicators. According to the IMF, Kuwait's real GDP grew by 3.6% in 2024, further boosting consumer confidence and financial activity. The stability of Kuwait’s banking system, demonstrated by robust financial metrics such as a non-performing loan (NPL) and consistently low NPL ,also enhances the trust required for long-term investment-linked products.

According to Sumit, Senior Research Analyst at 6Wresearch, Equity-Linked ULIPs dominated Kuwait’s unit linked insurance market in 2024, capturing the largest revenue share. This is driven by the increasing investor interest in equity markets for higher returns, as well as the growing adoption of investment-linked products that align with long-term financial goals and wealth accumulation.

The Kuwait Unit Linked Insurance Market (2025-2031) report provides an in-depth analysis with 17 figures and 3 tables, covered in 60 pages. The report thoroughly covers the market by type, policy term, and end-user. Kuwait Unit Linked Insurance Market outlook report provides an unbiased and detailed analysis of the on-going Kuwait Unit Linked Insurance Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.