Child Life Insurance Market is Going to Boom | MetLife, AXA, Aviva, Cleenol
Some of the key players profiled in the study are:
Allianz SE (Germany),Assicurazioni Generali (Italy),China Life Insurance (China),MetLife (United States),Ping An Insurance (China),AXA (France),Sumitomo Life Insurance (Japan),Aegon N.V. (Netherlands),Dai-ichi Mutual Life Insurance (Japan),CPIC (China),Aviva (United Kingdom),Munich Re Group (Germany),Zurich Financial Services (Switzerland),Nippon Life Insurance (Japan),Gerber Life Insurance Company (United States),AIG (United States),Cleenol (United Kingdom),Wechem, INC. (United States),Safe4U (United States),Pee Safe (India),CleanSmart(United States),F.C.P. Co., Ltd. (Thailand),Reckitt Benckiser LLC (United States),Prowomen (Israel),Greenerways Organic (United States)
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Scope of the Report of Child Life Insurance
A child's life insurance offers a double benefit of investment and insurance. It secures the various milestones in your life by providing insurance coverage at all times. When due, the proceeds can be used for any financial need. Child life insurance is a form of permanent life insurance that insures the life of a minor. It is usually purchased to protect a family from the sudden and unexpected costs of a child's funeral or burial and to provide inexpensive and guaranteed insurance for the child's lifetime. It offers a guaranteed present value growth that some carriers allow when the child is in their early twenties. These insurance policies mainly offer the owner the option to purchase, or in some cases, additional guaranteed insurance when the child reaches maturity. Child life insurance should not be confused with teenage life insurance, which is issued at much higher face values (typically USD 100,000- USD 10,000,000) and is generally purchased for college savings, lifelong savings, estate planning, and guaranteed insurability. In the current situations, therefore, the use of a children's plan has become an absolute necessity.
The titled segments and sub-section of the market are illuminated below:
by Type (Term Child Life Insurance, Permanent Child Life Insurance), Premium Type (Lump-Sum, Monthly, Quarterly, Half-Yearly, Annual), Purchaser Type (Parents, Grandparents, Legal Guardians), Age Group (
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