Industry Background:
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.This growth is primarily driven by Tax Benefits under Various Sections of the Income Tax Act
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Life & Health Insurance sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
The majority stake in Jubilee's general insurance company in East Africa has been acquired by Allianz.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.
Influencing Trend:
Changing Risk Dynamics
Market Growth Drivers:
Tax Benefits under Various Sections of the Income Tax Act and Rising Concerns towards Childs Future Security
Challenges:
Concerns Regarding Fraud Issues
Restraints:
Lack of Awareness about Children Life Insurance in Developing Region
Opportunities:
High Potential Growth Offered by Emerging Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Children Life Insurance Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Children Life Insurance Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Children Life Insurance players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Children Life Insurance Study Sheds Light on
The Children Life Insurance Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Children Life Insurance industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Children Life Insurance industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.