The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Children Life Insurance-Global Market Insights and Sales Trends 2024
Synopsis
Children Life Insurance insures the life of a child (generally under age 18).
The global Children Life Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Children Life Insurance in various end use industries. The expanding demands from the Below 10 Years Old and 10~18 Years Old, are propelling Children Life Insurance market. Term Child Life Insurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Permanent Child Life Insurance segment is estimated at % CAGR for the next seven-year period.
According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Children Life Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Children Life Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Children Life Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Children Life Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Children Life Insurance covered in this report include Allianz, Assicurazioni Generali, China Life Insurance, MetLife, PingAn, AXA, Sumitomo Life Insurance, Aegon and Dai-ichi Mutual Life Insurance, etc.
The global Children Life Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Children Life Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Children Life Insurance market, Segment by Type:
Term Child Life Insurance
Permanent Child Life Insurance
Global Children Life Insurance market, by Application
Below 10 Years Old
10~18 Years Old
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Children Life Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Children Life Insurance insures the life of a child (generally under age 18).
The global Children Life Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Children Life Insurance in various end use industries. The expanding demands from the Below 10 Years Old and 10~18 Years Old, are propelling Children Life Insurance market. Term Child Life Insurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Permanent Child Life Insurance segment is estimated at % CAGR for the next seven-year period.
According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Children Life Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Children Life Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Children Life Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Children Life Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Children Life Insurance covered in this report include Allianz, Assicurazioni Generali, China Life Insurance, MetLife, PingAn, AXA, Sumitomo Life Insurance, Aegon and Dai-ichi Mutual Life Insurance, etc.
The global Children Life Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Children Life Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Children Life Insurance market, Segment by Type:
Term Child Life Insurance
Permanent Child Life Insurance
Global Children Life Insurance market, by Application
Below 10 Years Old
10~18 Years Old
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Children Life Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Children Life Insurance
1.1 Children Life Insurance Market Overview
1.1.1 Children Life Insurance Product Scope
1.1.2 Children Life Insurance Market Status and Outlook
1.2 Global Children Life Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Children Life Insurance Market Size by Region (2018-2029)
1.4 Global Children Life Insurance Historic Market Size by Region (2018-2023)
1.5 Global Children Life Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Children Life Insurance Market Size (2018-2029)
1.6.1 North America Children Life Insurance Market Size (2018-2029)
1.6.2 Europe Children Life Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Children Life Insurance Market Size (2018-2029)
1.6.4 Latin America Children Life Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Children Life Insurance Market Size (2018-2029)
2 Children Life Insurance Market by Type
2.1 Introduction
2.1.1 Term Child Life Insurance
2.1.2 Permanent Child Life Insurance
2.2 Global Children Life Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Children Life Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Children Life Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Children Life Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Children Life Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Children Life Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Children Life Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Children Life Insurance Revenue Breakdown by Type (2018-2029)
3 Children Life Insurance Market Overview by Application
3.1 Introduction
3.1.1 Below 10 Years Old
3.1.2 10~18 Years Old
3.2 Global Children Life Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Children Life Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Children Life Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Children Life Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Children Life Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Children Life Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Children Life Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Children Life Insurance Revenue Breakdown by Application (2018-2029)
4 Children Life Insurance Competition Analysis by Players
4.1 Global Children Life Insurance Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Children Life Insurance as of 2022)
4.3 Date of Key Players Enter into Children Life Insurance Market
4.4 Global Top Players Children Life Insurance Headquarters and Area Served
4.5 Key Players Children Life Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Children Life Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Allianz
5.1.1 Allianz Profile
5.1.2 Allianz Main Business
5.1.3 Allianz Children Life Insurance Products, Services and Solutions
5.1.4 Allianz Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 Allianz Recent Developments
5.2 Assicurazioni Generali
5.2.1 Assicurazioni Generali Profile
5.2.2 Assicurazioni Generali Main Business
5.2.3 Assicurazioni Generali Children Life Insurance Products, Services and Solutions
5.2.4 Assicurazioni Generali Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 Assicurazioni Generali Recent Developments
5.3 China Life Insurance
5.3.1 China Life Insurance Profile
5.3.2 China Life Insurance Main Business
5.3.3 China Life Insurance Children Life Insurance Products, Services and Solutions
5.3.4 China Life Insurance Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 MetLife Recent Developments
5.4 MetLife
5.4.1 MetLife Profile
5.4.2 MetLife Main Business
5.4.3 MetLife Children Life Insurance Products, Services and Solutions
5.4.4 MetLife Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 MetLife Recent Developments
5.5 PingAn
5.5.1 PingAn Profile
5.5.2 PingAn Main Business
5.5.3 PingAn Children Life Insurance Products, Services and Solutions
5.5.4 PingAn Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 PingAn Recent Developments
5.6 AXA
5.6.1 AXA Profile
5.6.2 AXA Main Business
5.6.3 AXA Children Life Insurance Products, Services and Solutions
5.6.4 AXA Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 AXA Recent Developments
5.7 Sumitomo Life Insurance
5.7.1 Sumitomo Life Insurance Profile
5.7.2 Sumitomo Life Insurance Main Business
5.7.3 Sumitomo Life Insurance Children Life Insurance Products, Services and Solutions
5.7.4 Sumitomo Life Insurance Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 Sumitomo Life Insurance Recent Developments
5.8 Aegon
5.8.1 Aegon Profile
5.8.2 Aegon Main Business
5.8.3 Aegon Children Life Insurance Products, Services and Solutions
5.8.4 Aegon Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 Aegon Recent Developments
5.9 Dai-ichi Mutual Life Insurance
5.9.1 Dai-ichi Mutual Life Insurance Profile
5.9.2 Dai-ichi Mutual Life Insurance Main Business
5.9.3 Dai-ichi Mutual Life Insurance Children Life Insurance Products, Services and Solutions
5.9.4 Dai-ichi Mutual Life Insurance Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 Dai-ichi Mutual Life Insurance Recent Developments
5.10 CPIC
5.10.1 CPIC Profile
5.10.2 CPIC Main Business
5.10.3 CPIC Children Life Insurance Products, Services and Solutions
5.10.4 CPIC Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 CPIC Recent Developments
5.11 Aviva
5.11.1 Aviva Profile
5.11.2 Aviva Main Business
5.11.3 Aviva Children Life Insurance Products, Services and Solutions
5.11.4 Aviva Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 Aviva Recent Developments
5.12 Munich Re Group
5.12.1 Munich Re Group Profile
5.12.2 Munich Re Group Main Business
5.12.3 Munich Re Group Children Life Insurance Products, Services and Solutions
5.12.4 Munich Re Group Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 Munich Re Group Recent Developments
5.13 Zurich Financial Services
5.13.1 Zurich Financial Services Profile
5.13.2 Zurich Financial Services Main Business
5.13.3 Zurich Financial Services Children Life Insurance Products, Services and Solutions
5.13.4 Zurich Financial Services Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 Zurich Financial Services Recent Developments
5.14 Nippon Life Insurance
5.14.1 Nippon Life Insurance Profile
5.14.2 Nippon Life Insurance Main Business
5.14.3 Nippon Life Insurance Children Life Insurance Products, Services and Solutions
5.14.4 Nippon Life Insurance Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 Nippon Life Insurance Recent Developments
5.15 Gerber Life Insurance
5.15.1 Gerber Life Insurance Profile
5.15.2 Gerber Life Insurance Main Business
5.15.3 Gerber Life Insurance Children Life Insurance Products, Services and Solutions
5.15.4 Gerber Life Insurance Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 Gerber Life Insurance Recent Developments
5.16 AIG
5.16.1 AIG Profile
5.16.2 AIG Main Business
5.16.3 AIG Children Life Insurance Products, Services and Solutions
5.16.4 AIG Children Life Insurance Revenue (US$ Million) & (2018-2023)
5.16.5 AIG Recent Developments
6 North America
6.1 North America Children Life Insurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Children Life Insurance Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Children Life Insurance Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Children Life Insurance Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Children Life Insurance Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Children Life Insurance Market Dynamics
11.1 Children Life Insurance Industry Trends
11.2 Children Life Insurance Market Drivers
11.3 Children Life Insurance Market Challenges
11.4 Children Life Insurance Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest IT & Electronics Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
