The article examines the importance of the life insurance industry, shows its historical formation in Uzbekistan and the main stages of development. A consistent analysis of changes in legislative norms and regulation of the life insurance industry reveals the methodological aspect of market research. With a low level of a number of indicators of the functioning of the life insurance market in Uzbekistan, there has been a significant growth of the market in recent years, and its further development is due, on the one hand, to the ability of insurers to introduce new insurance services and implement a competent investment policy, and on the other – the interest of domestic insurers in the availability and expansion of insurance coverage, the determining factors of which are the aging of the population and the increase in life expectancy. Based on the analysis of the current state and development problems, proposals for the further development of the life insurance industry are given.