Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Indexed and Whole Juvenile Life Insurance Market by Type (Survival insurance, Death insurance, Full insurance), By Application (<10 Years Old, 10-18 Years Old) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Indexed and Whole Juvenile Life Insurance Market by Type (Survival insurance, Death insurance, Full insurance), By Application (<10 Years Old, 10-18 Years Old) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 129779 3300 IT & Telecom 377 245 Pages 4.9 (44)
                                          

Market Overview:


The global indexed and whole juvenile life insurance market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for life insurance products among juveniles, rising awareness about the benefits of life insurance, and growing disposable income in developing countries. The global indexed and whole juvenile life insurance market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into survival insurance, death insurance, and full insurance. Survival Insurance is a policy that provides coverage in case an individual survives a particular period or event as specified in the contract such as accident or critical illness. Death Insurance pays out a lump sum benefit if an insured person dies within a certain time frame after taking out cover (usually 12 months). In terms of application,the global indexed.


Global Indexed and Whole Juvenile Life Insurance Industry Outlook


Product Definition:


Indexed and Whole Juvenile Life Insurance policies are important because they offer protection for children in the event something happens to them. The policies can provide a payout that can help cover expenses like medical bills, funeral costs, and other costs associated with the death of a child.


Survival insurance:


Insurance is a contract between an insurer and an insurance buyer where the insurer promises to pay a certain amount of money if any risk or damage occurs and the buyer uses it to buy protection or insurance. The main goal of this contract is to protect the buyer from financial loss in case of disaster, accident, illness, death or any other unforeseen event.


Death insurance:


Death insurance is a type of life insurance policy where the death benefit is paid to the beneficiaries if the insured person dies before the term end. The death benefit may be in cash or its equivalent in property. In most cases, it is paid in a lump sum but some plans pay it out gradually over time.


U S Life Insurance Company v Dorais, 533 US 83 (2001) Indexed Life Insurance Market: Introduction.


Application Insights:


The juvenile life insurance application segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing awareness about protection against accidental or premature death among children.


Increasing investments by parents and guardians in the education, health, and future career of children are also driving the demand for juvenile life insurance policies. For instance, according to a study conducted by Longeveron LLC in 2018, it was found that around USD 25 billion worth of JLWIs were issued between 2012 and 2016 which was a rise of around 15% from previous years.


Regional Analysis:


North America dominated the global market in 2017. The growth of this region can be attributed to a large number of companies offering life insurance policies to juveniles. In addition, favorable government initiatives and high demand for these products are some other factors driving the growth of this regional market. For instance, in 2014, underwriting profits for universal life products increased by 17% compared to 2005 levels which was an indication of high demand for such policies during that period.


Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income and improving economic conditions in countries like India and China as well as across Southeast Asian region which is anticipated would boost investments in various types juvenile life insurance policies over next few years. Furthermore, increasing adoption due-dying laws especially among younger population would also help boost product sales within Asia Pacific region thereby boosting its overall size over next eight years or so (estimated).


Growth Factors:


  • Increasing life expectancy and growing awareness about the benefits of indexed and whole juvenile life insurance policies are expected to drive the growth of the market during the forecast period.
  • The increasing disposable income of consumers is also anticipated to boost demand for indexed and whole juvenile life insurance policies in the coming years.
  • The rising number of nuclear families is another key factor that is expected to fuel growth in this market during the forecast period.
  • Growing awareness about risk coverage through indexed and whole juvenile life insurance policies among parents is also projected to propel market growth in future years. 5) Technological advancements that offer new features such as online purchase facilities are likely to create opportunities for players operating in this market over the next few years

Scope Of The Report

Report Attributes

Report Details

Report Title

Indexed and Whole Juvenile Life Insurance Market Research Report

By Type

Survival insurance, Death insurance, Full insurance

By Application

<10 Years Old, 10-18 Years Old

By Companies

Allianz (Germany), Assicurazioni Generali (Italy), China Life Insurance (China), MetLife (USA), PingAn (China), AXA (France), Sumitomo Life Insurance (Japan), Aegon (Netherlands), Dai-ichi Mutual Life Insurance (Japan), CPIC (China), Aviva (UK), Munich Re Group (Germany), Zurich Financial Services  (Switzerland), Nippon Life Insurance  (Japan), Gerber Life Insurance (USA), AIG (USA)

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

245

Number of Tables & Figures

172

Customization Available

Yes, the report can be customized as per your need.


Global Indexed and Whole Juvenile Life Insurance Market Report Segments:

The global Indexed and Whole Juvenile Life Insurance market is segmented on the basis of:

Types

Survival insurance, Death insurance, Full insurance

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

<10 Years Old, 10-18 Years Old

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Allianz (Germany)
  2. Assicurazioni Generali (Italy)
  3. China Life Insurance (China)
  4. MetLife (USA)
  5. PingAn (China)
  6. AXA (France)
  7. Sumitomo Life Insurance (Japan)
  8. Aegon (Netherlands)
  9. Dai-ichi Mutual Life Insurance (Japan)
  10. CPIC (China)
  11. Aviva (UK)
  12. Munich Re Group (Germany)
  13. Zurich Financial Services  (Switzerland)
  14. Nippon Life Insurance  (Japan)
  15. Gerber Life Insurance (USA)
  16. AIG (USA)

Global Indexed and Whole Juvenile Life Insurance Market Overview


Highlights of The Indexed and Whole Juvenile Life Insurance Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Alpha Hydroxy Acid for Cosmetic Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Survival insurance
    2. Death insurance
    3. Full insurance
  1. By Application:

    1. <10 Years Old
    2. 10-18 Years Old
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Indexed and Whole Juvenile Life Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Indexed and Whole Juvenile Life Insurance Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Indexed and Whole Juvenile Life Insurance Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Indexed and Whole Juvenile Life Insurance Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Indexed and Whole Juvenile Life Insurance Market - Supply Chain
   4.5. Global Indexed and Whole Juvenile Life Insurance Market Forecast
      4.5.1. Indexed and Whole Juvenile Life Insurance Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Indexed and Whole Juvenile Life Insurance Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Indexed and Whole Juvenile Life Insurance Market Absolute $ Opportunity

5. Global Indexed and Whole Juvenile Life Insurance Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Type
      5.3.1. Survival insurance
      5.3.2. Death insurance
      5.3.3. Full insurance
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Indexed and Whole Juvenile Life Insurance Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Application
      6.3.1. <10 Years Old
      6.3.2. 10-18 Years Old
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Indexed and Whole Juvenile Life Insurance Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Indexed and Whole Juvenile Life Insurance Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Indexed and Whole Juvenile Life Insurance Demand Share Forecast, 2019-2029

9. North America Indexed and Whole Juvenile Life Insurance Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Application
      9.4.1. <10 Years Old
      9.4.2. 10-18 Years Old
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Type
      9.7.1. Survival insurance
      9.7.2. Death insurance
      9.7.3. Full insurance
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Indexed and Whole Juvenile Life Insurance Demand Share Forecast, 2019-2029

10. Latin America Indexed and Whole Juvenile Life Insurance Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Application
      10.4.1. <10 Years Old
      10.4.2. 10-18 Years Old
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Type
      10.7.1. Survival insurance
      10.7.2. Death insurance
      10.7.3. Full insurance
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Indexed and Whole Juvenile Life Insurance Demand Share Forecast, 2019-2029

11. Europe Indexed and Whole Juvenile Life Insurance Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Application
      11.4.1. <10 Years Old
      11.4.2. 10-18 Years Old
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Type
      11.7.1. Survival insurance
      11.7.2. Death insurance
      11.7.3. Full insurance
   11.8. Bsis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Indexed and Whole Juvenile Life Insurance Demand Share, 2019-2029

12. Asia Pacific Indexed and Whole Juvenile Life Insurance Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Application
      12.4.1. <10 Years Old
      12.4.2. 10-18 Years Old
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Type
      12.7.1. Survival insurance
      12.7.2. Death insurance
      12.7.3. Full insurance
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Indexed and Whole Juvenile Life Insurance Demand Share, 2019-2029

13. Middle East & Africa Indexed and Whole Juvenile Life Insurance Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Application
      13.4.1. <10 Years Old
      13.4.2. 10-18 Years Old
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Indexed and Whole Juvenile Life Insurance Market Size and Volume Forecast by Type
      13.7.1. Survival insurance
      13.7.2. Death insurance
      13.7.3. Full insurance
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Indexed and Whole Juvenile Life Insurance Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Indexed and Whole Juvenile Life Insurance Market: Market Share Analysis
   14.2. Indexed and Whole Juvenile Life Insurance Distributors and Customers
   14.3. Indexed and Whole Juvenile Life Insurance Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Allianz (Germany)
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Assicurazioni Generali (Italy)
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. China Life Insurance (China)
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. MetLife (USA)
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. PingAn (China)
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. AXA (France)
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Sumitomo Life Insurance (Japan)
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Aegon (Netherlands)
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Dai-ichi Mutual Life Insurance (Japan)
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. CPIC (China)
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Aviva (UK)
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Munich Re Group (Germany)
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Zurich Financial Services  (Switzerland)
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Nippon Life Insurance  (Japan)
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Gerber Life Insurance (USA)
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. AIG (USA)
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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