Juvenile Life Insurance Market Segmentation, Application, Technology & Market Analysis Research Report 2025

Global Juvenile Life Insurance Industry

New Study On “2018-2025 Juvenile Life Insurance Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” Added to Wise Guy Reports Database

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.

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 China’s Second Child Policy and China’s high growth rate in economic. 
In 2017, 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 2018-2025.

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 

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This release was published on openPR.