Burial Insurance Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | Cigna Group , Zurich Insurance Group Ltd., Prudential Financial Inc., Aviva PLC, New York Life Insurance Co., Hannover Ruck SE, The Massachusetts Mutual Life

As per the report, the burial insurance market size has grown strongly in recent years. It will grow from $227.78 billion in 2023 to $263.63 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The burial insurance market size is expected to see strong growth in the next few years. It will grow to $363.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.

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What Is Driving The Growth Of The Global Burial Insurance Market?

Increasing Funeral Costs Propel Expansion Of Burial Insurance Market
The rising funeral costs are expected to propel the growth of the burial insurance market going forward. Funeral costs are the expenses for arranging and carrying out a funeral or memorial service, including fees for services, caskets, urns, and transportation. The funeral cost is rising due to increased prices for services, goods, and facilities, regulations, inflation, and higher demand for more personalized or elaborate arrangements. Burial insurance policies are customized to meet individual needs, ensuring that specific funeral wishes and requirements are financially covered.

What Is The Key Trend In The Global Burial Insurance Market?

Innovative Burial Insurance Policies Set New Standards In Financial Security
Major companies operating in the burial insurance market are focusing on innovative policies such as myFuneral Plan to provide tailored, comprehensive coverage options that meet the diverse needs and preferences of their clients, ensuring peace of mind and financial security for their families. The myFuneral Plan aims to provide a comprehensive and affordable solution for individuals and families to plan and cover their funeral expenses, ensuring financial security and peace of mind during a difficult time.

How Is The Global Burial Insurance Market Segmented?
The burial insurance market covered in this report is segmented -
1) By Type: Simplified Issue, Guaranteed Issue, Pre-Need Insurance
2) By Age Of End-User: Over 50, Over 60, Over 70, Over 80
3) By Target Demographic: Senoirs, Low-Income Individuals, Middle-Income Individuals
4) By Distribution Channel: Insurance Agents, Direct Sales, Online Channels

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How Is The Competitive Landscape Of The Global Burial Insurance Market?
Major companies operating in the burial insurance market are Cigna Group , Zurich Insurance Group Ltd., Prudential Financial Inc., Aviva PLC, New York Life Insurance Co., Hannover Ruck SE, The Massachusetts Mutual Life Insurance Company, Sun Life Financial Inc., The Hartford Financial Services Group Inc., Manulife Financial Corporation, Assurant Inc., Allianz SE, Globe Life Inc., Legal & General Group, Sentinel Security Life Insurance Company, Colonial Penn Life Insurance Company, The Baltimore Life Insurance Company, Dignity Memorial, Choice Mutual, Fidelity Life Assurance Company Limited, Titan Casket, Sagicor Life Insurance Company

Contents Of The Global Burial Insurance Market
1. Executive Summary
2. Burial Insurance Market Report Structure
3. Burial Insurance Market Trends And Strategies
4. Burial Insurance Market - Macro Economic Scenario
5. Burial Insurance Market Size And Growth
…..
27. Burial Insurance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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