Global Juvenile Life Insurance Market Size, Status and Forecast 2019-2025

Global Juvenile Life Insurance Market Size, Status and Forecast 2019-2025

Juvenile Life Insurance is permanent Life Insurance that insures the life of a child (generally under age 18). It is a financial planning tool that provides a tax advantaged savings vehicle with potential for a lifetime of benefits. Juvenile Life Insurance, or child Life Insurance, is usually purchased to protect a family against the sudden and unexpected costs of a funeral and burial with much lower face values. Should the juvenile survive to their college years it can then take on the form of a financial planning tool.

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Gross premiums increased in most countries in the Juvenile Life Insurance in 2017. This growth may be a sign or a consequence of more favorable economic conditions, leading individuals to purchase Juvenile Life Insurance products. In most countries, the relatively low penetration of Juvenile Life Insurance (especially in South America and some Asian countries) shows that the Juvenile Life Insurance sector still has significant room to expand. In some countries, gross premiums declined where the continued low interest rates may have deterred individuals from purchasing Life Insurance products with lower guarantees. The Europe and North America has relative growth rate due to the lower birth rate and some developed also have the similar phenomenon, China has higher growth rate due the higher birth rate and Chinas Second Child Policy and Chinas high growth rate in economic.

In 2018, the global Juvenile Life Insurance market size was 36100 million US$ and it is expected to reach 117700 million US$ by the end of 2025, with a CAGR of 15.9% during 2019-2025.

This report focuses on the global Juvenile Life Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Juvenile Life Insurance development in United States, Europe and China.

The key players covered in this study

Allianz
Assicurazioni Generali
China Life Insurance
MetLife
PingAn
AXA
Sumitomo Life Insurance
Aegon
Dai-ichi Mutual Life Insurance
CPIC
Aviva
Munich Re Group
Zurich Financial Services
Nippon Life Insurance
Gerber Life Insurance
AIG

Market segment by Type, the product can be split into

<10 Years Old
10~18 Years Old

Market segment by Application, split into

School
Home Use

Market segment by Regions/Countries, this report covers

United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Juvenile Life Insurance status, future forecast, growth opportunity, key market and key players.
To present the Juvenile Life Insurance development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Juvenile Life Insurance are as follows:

History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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