What is Heart Disease Insurance Market?
Heart disease insurance protects against the heart health-related contingencies in terms of expenses required at the time of treatment. The insurance plan helps in planning the contingencies and covers the various type of conditions under heart disease. It is good to maintain enough healthcare coverage with an insurance policy for easy payment to cardiologists and physicians. It can be available on a long-term and short-term basis and its premium and coverage vary on adult or child heart disease insurance policy.
The market study is being classified and major geographies with country level break-up.
Aviva plc (United Kingdom), Legal & General Group plc (United Kingdom), Aflac Inc (United States), Axa S.A. (France), Aegon Life Insurance (India), Allianz SE (Germany), Gobeille v. Liberty Mutual Insurance (United States), MetLife, Inc. (United States) and Star Health Insurance (India) are some of the key players profiled in the study.
Segment Analysis
Analyst at AMA have segmented the market study of Global Heart Disease Insurance market by Type, Application and Region.
On the basis of geography, the market of Heart Disease 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Number of Heart Disease Patients
- Need for Getting Secured Against the Huge Expenses at the Time of Uncertain Diseases
Market Trend
- Emerging Number of Heart Disease Insurance Plans and Policies
Restraints
- High-Cost Premium Involved in Heart Disease Insurance
- Lack of Awareness about Heart Disease Insurance Policies Rural Areas of the World and Problems with the Affordability
Opportunities
- Surging Demand for Heart Disease Insurance Among Developing Countries
- Raising Awareness about teh Heart Disease Insurance Plans through Marketing
Challenges
- Regulatory Guidelines Associated with Heart Disease Insurance
On 2nd November 2020, Aegon Life Insurance has announced the launch of ‘Life + 36 critical illness Insurance’ on Flipkart at the starting premium of just Rs. 153 for a life cover of Rs 1 lakh plus Critical Illness cover of Rs.10,000. This means that the policyholder gets the benefit of life protection along with a lump sum pay-out on the diagnosis of any of the 36 critical illnesses.
Key Target Audience
Heart Disease Insurance Providers, Heart Disease Insurance Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others