Global Children Life Insurance Market Overview:
Child life insurance is about the future and preparation in which taking steps today can help create a better tomorrow. As parents or grandparents, our chief concern is making the future better for their children. Such child life insurance is perfect for planning for the future due to the cash value the plan would accumulate. As an adult, they could borrow against this value or stop the policy and withdraw the money for other reason like to pay for college or any number of things. In general, life insurance policies for children are meant to offer a cushion to the child in case the death of a parent presents financial problems in pursuing important life choices. Some of the key players profiled in the study are Allianz (Germany), Assicurazioni Generali (Italy), China Life Insurance (China), MetLife (United States), PingAn Insurance (China), AXA (France), Sumitomo Life Insurance (Japan), Aegon Life Insurance Company (India), Dai-ichi Mutual Life Insurance (Japan) and Aviva plc (United Kingdom).
On the basis of geography, the market of Children Life Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Premium Type, the sub-segment i.e. Lump Sum will boost the Children Life Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Purchaser, the sub-segment i.e. Parents will boost the Children Life Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age, the sub-segment i.e. Less Than 10 Years Old will boost the Children Life Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Tax Benefits under Various Sections of the Income Tax Act
- Rising Concerns towards Childs Future Security
- Lack of Awareness about Children Life Insurance in Developing Region
- High Potential Growth Offered by Emerging Market
- Concerns Regarding Fraud Issues
On June 18, 2019 - Generali finalized the completion of the transaction with German Group Union Asset Management Holding AG to acquire Union Investment TFI S.A. in Poland.
Leading key players of children life insurance market are focusing on strategic partnerships and new service launch to improve their services along with focusing on increasing their client base to strengthen market position and to enhance service offerings.
Target Audience:Children Life Insurance Service Providers, Insurance Service Providers, Solution Providers, Finance Industry, Governmental Bodies and Research Firms
Major Objectives Focused through this Study To define, describe, and forecast the Global Children Life Insurance market on the basis of product [Term Child Life Insurance and Permanent Child Life Insurance] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Children Life Insurance market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Children Life Insurance industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Munich Re Group (Germany), Zurich Financial Services (Switzerland) and Reliance Nippon Life Insurance (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Children Life Insurance market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.