Global Critical Illness Insurance Market to reach USD XX billion by 2025.
Global Critical Illness Insurance Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Critical Illness Insurance Market is continuously growing across the world over the coming years. The major driving factor of global Critical Illness Insurance market are increasing benefit get from critical illness insurance and rising geriatric population across the globe. However, lack of awareness among the individuals is one of the major factor that hamper the global critical illness insurance market. Critical Illness Insurance is type insurance in which the insurer is contracted to typically make a lumpsum cash payment if the policyholder is diagnosed with one of the specific illness on a predetermined list as part of an insurance policy. Critical illness insurance is also known as critical insurance cover. Critical illness insurance offers various benefits such as high life cover at affordable rates, accidental death benefit, guaranteed benefit payout up to 1 crore in case of 34 life critical illness, protection against disability, tax benefit, 100% benefit payout and many more.
The regional analysis of Global Critical Illness Insurance Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share in 2017 due to higher population growth in economy. The region comprises some of the fastest developing economies in the world including China, India, Japan and Korea. This has led to an increase in in insurance investment over the coming years. Europe and North America is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The major market player included in this report are:
• Wellpoint Inc.
• Kaiser Permanente
• Aetna Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Income Protection Insurance
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Critical Illness Insurance Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers