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.
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:
- 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)
Highlights of The Indexed and Whole Juvenile Life Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Survival insurance
- Death insurance
- Full insurance
- By Application:
- <10 Years Old
- 10-18 Years Old
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Indexed juvenile life insurance is a type of life insurance that guarantees a fixed rate of return regardless of the stock market's performance. Whole juvenile life insurance, on the other hand, is designed for young people who are not yet financially responsible enough to handle their own financial affairs.
Some of the key players operating in the indexed and whole juvenile life insurance market are Allianz (Germany), Assicurazioni‚Â Generali (Italy), China Life Insurance (China), MetLife (USA), PingAn (China), AXA (France), Sumitomo‚Â Life Insurance (Japan), Aegon (Netherlands), Dai-ichi Mutual Life Insurance (Japan), CPIC (China), Aviva (UK), Munich Re Group (Germany), Zurich Financial Services‚Â (Switzerland), Nippon Life Insurance‚Â (Japan), Gerber Life Insurance (USA), AIG (USA).
The indexed and whole juvenile life insurance market is expected to register a CAGR of 7.5%.
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
