About Child Education Insurance
Child education insurance is a kind of insurance that covers the tutorial expenses for youngsters. The coverage provided by this sort of plan is termed "education" and it'll covers child's tuition, books, uniforms, etc. This market makes it possible to hide the prices of medical aid and treatment for kids just in case they get sick or injured. It also covers the price of their education, which is typically paid from public funds. The child's parents can choose from private and public plans when purchasing this kind of coverage. The main target market for this sort of policy is those that calve children and need to safeguard them against potential financial losses because of accidents or illness.
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The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new policies, which is likely to encourage the growth of the global market throughout the forecast period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AEGON life (India), Aviva (United Kingdom, Bajaj Allianz (India), TATA AIA (India), Bharti AXA (India), Birla Sun Life Insurance (India), SBI Life (India), Edelweiss Tokio (India), Exide Life(India), Future General (India), HDFC SL (India), ICICI Pru (India), India First (India), Kotak (India), Max Life (India), Reliance Life (India) and Sahara (India) are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global Child Education Insurance market by Type (Child ULIPS and Child Savings Plans) and Region.
On the basis of geography, the market of Child Education Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Features , the sub-segment i.e. Lump-sum benefit will boost the Child Education Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Agents and Brokers will boost the Child Education Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Child Education Insurance due to Hitch in Cost of Primary and Higher Education
- Governments across the Globe have implied Various Policies to Promote Education
- Lack of Awareness in Emerging Economies
- Growing Risk of Counterfeit Policies in the Market
Key Target AudienceVenture and Capitalist, New Entrants/Investors, Analysts and Strategic Business Partners, FSI, Third Party Vendors and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as AEGON life (India), Aviva (United Kingdom, Bajaj Allianz (India), TATA AIA (India), Bharti AXA (India), Birla Sun Life Insurance (India), SBI Life (India), Edelweiss Tokio (India), Exide Life(India), Future General (India), HDFC SL (India), ICICI Pru (India), India First (India), Kotak (India), Max Life (India), Reliance Life (India) and Sahara (India) etc.
2. Can we have customized study for Child Education Insurance Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What trending factors would impact Child Education Insurance Market growth most?
"Growing Prevalence of Foreign Education" is seen as one of major influencing trends for Child Education Insurance Market during projected period 2021-2027.