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Critical Illness Insurance-Global Market Insights and Sales Trends 2024

Critical Illness Insurance-Global Market Insights and Sales Trends 2024

Publishing Date : Nov, 2023

License Type :
 

Report Code : 1824118

No of Pages : 123

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Synopsis

Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.

The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation.

The global Critical Illness Insurance market size is expected to reach US$ 50270 million by 2029, growing at a CAGR of 15.2% from 2023 to 2029. The market is mainly driven by the significant applications of Critical Illness Insurance in various end use industries.

The expanding demands from the Cancer, Heart Attack, Stroke and Other, are propelling Critical Illness Insurance market. Fixed-term 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 Whole-life Insurance segment is estimated at % CAGR for the next seven-year period.

Global critical illness insurance key players include China Life Insurance , Ping An Insurance, China Pacific Insurance, etc. Global top three manufacturers hold a share over 35%.

China is the largest market, with a share about 50%, followed by North America and Europe, both have a share about 30 percent.
In terms of application, the largest application is Cancer, followed by Heart Attack, Stroke, etc.

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 Critical Illness 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 Critical Illness 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 Critical Illness Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Critical Illness 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 Critical Illness Insurance covered in this report include China Life Insurance, Ping An Insurance, China Pacific Insurance, Aviva, Legal & General, New China Life Insurance, AXA, Prudential plc and Aegon, etc.

The global Critical Illness 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:

  • China Life Insurance
  • Ping An Insurance
  • China Pacific Insurance
  • Aviva
  • Legal & General
  • New China Life Insurance
  • AXA
  • Prudential plc
  • Aegon
  • Allianz
  • AIG
  • UnitedHealthcare
  • Zurich
  • MetLife
  • Dai-ichi Life Group
  • Sun Life Financial
  • Huaxia life Insurance
  • Aflac
  • Liberty Mutual
  • HCF
  • Generali Group
  • Royal London
  • Scottish Windows
  • Livepool Victoria
  • Vitality

Global Critical Illness 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 Critical Illness Insurance market, Segment by Type:

By Type

  • Fixed-term Insurance
  • Whole-life Insurance

By Age

  • <30 Years Old
  • 30-40 Years Old
  • 41-50 Years Old
  • >50 Years Old

Global Critical Illness Insurance market, by Application

  • Cancer
  • Heart Attack
  • Stroke
  • Other

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 Critical Illness 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

Index

1 Market Overview of Critical Illness Insurance
1.1 Critical Illness Insurance Market Overview
1.1.1 Critical Illness Insurance Product Scope
1.1.2 Critical Illness Insurance Market Status and Outlook
1.2 Global Critical Illness Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Critical Illness Insurance Market Size by Region (2018-2029)
1.4 Global Critical Illness Insurance Historic Market Size by Region (2018-2023)
1.5 Global Critical Illness Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Critical Illness Insurance Market Size (2018-2029)
1.6.1 North America Critical Illness Insurance Market Size (2018-2029)
1.6.2 Europe Critical Illness Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Critical Illness Insurance Market Size (2018-2029)
1.6.4 Latin America Critical Illness Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Critical Illness Insurance Market Size (2018-2029)
2 Critical Illness Insurance Market by Type
2.1 Introduction
2.1.1 Fixed-term Insurance
2.1.2 Whole-life Insurance
2.2 Global Critical Illness Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Critical Illness Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Critical Illness Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Critical Illness Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Critical Illness Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Critical Illness Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Critical Illness Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Critical Illness Insurance Revenue Breakdown by Type (2018-2029)
3 Critical Illness Insurance Market Overview by Application
3.1 Introduction
3.1.1 Cancer
3.1.2 Heart Attack
3.1.3 Stroke
3.1.4 Other
3.2 Global Critical Illness Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Critical Illness Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Critical Illness Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Critical Illness Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Critical Illness Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Critical Illness Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Critical Illness Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Critical Illness Insurance Revenue Breakdown by Application (2018-2029)
4 Critical Illness Insurance Competition Analysis by Players
4.1 Global Critical Illness 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 Critical Illness Insurance as of 2022)
4.3 Date of Key Players Enter into Critical Illness Insurance Market
4.4 Global Top Players Critical Illness Insurance Headquarters and Area Served
4.5 Key Players Critical Illness Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Critical Illness Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 China Life Insurance
5.1.1 China Life Insurance Profile
5.1.2 China Life Insurance Main Business
5.1.3 China Life Insurance Critical Illness Insurance Products, Services and Solutions
5.1.4 China Life Insurance Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 China Life Insurance Recent Developments
5.2 Ping An Insurance
5.2.1 Ping An Insurance Profile
5.2.2 Ping An Insurance Main Business
5.2.3 Ping An Insurance Critical Illness Insurance Products, Services and Solutions
5.2.4 Ping An Insurance Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 Ping An Insurance Recent Developments
5.3 China Pacific Insurance
5.3.1 China Pacific Insurance Profile
5.3.2 China Pacific Insurance Main Business
5.3.3 China Pacific Insurance Critical Illness Insurance Products, Services and Solutions
5.3.4 China Pacific Insurance Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 Aviva Recent Developments
5.4 Aviva
5.4.1 Aviva Profile
5.4.2 Aviva Main Business
5.4.3 Aviva Critical Illness Insurance Products, Services and Solutions
5.4.4 Aviva Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 Aviva Recent Developments
5.5 Legal & General
5.5.1 Legal & General Profile
5.5.2 Legal & General Main Business
5.5.3 Legal & General Critical Illness Insurance Products, Services and Solutions
5.5.4 Legal & General Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 Legal & General Recent Developments
5.6 New China Life Insurance
5.6.1 New China Life Insurance Profile
5.6.2 New China Life Insurance Main Business
5.6.3 New China Life Insurance Critical Illness Insurance Products, Services and Solutions
5.6.4 New China Life Insurance Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 New China Life Insurance Recent Developments
5.7 AXA
5.7.1 AXA Profile
5.7.2 AXA Main Business
5.7.3 AXA Critical Illness Insurance Products, Services and Solutions
5.7.4 AXA Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 AXA Recent Developments
5.8 Prudential plc
5.8.1 Prudential plc Profile
5.8.2 Prudential plc Main Business
5.8.3 Prudential plc Critical Illness Insurance Products, Services and Solutions
5.8.4 Prudential plc Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 Prudential plc Recent Developments
5.9 Aegon
5.9.1 Aegon Profile
5.9.2 Aegon Main Business
5.9.3 Aegon Critical Illness Insurance Products, Services and Solutions
5.9.4 Aegon Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 Aegon Recent Developments
5.10 Allianz
5.10.1 Allianz Profile
5.10.2 Allianz Main Business
5.10.3 Allianz Critical Illness Insurance Products, Services and Solutions
5.10.4 Allianz Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 Allianz Recent Developments
5.11 AIG
5.11.1 AIG Profile
5.11.2 AIG Main Business
5.11.3 AIG Critical Illness Insurance Products, Services and Solutions
5.11.4 AIG Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 AIG Recent Developments
5.12 UnitedHealthcare
5.12.1 UnitedHealthcare Profile
5.12.2 UnitedHealthcare Main Business
5.12.3 UnitedHealthcare Critical Illness Insurance Products, Services and Solutions
5.12.4 UnitedHealthcare Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 UnitedHealthcare Recent Developments
5.13 Zurich
5.13.1 Zurich Profile
5.13.2 Zurich Main Business
5.13.3 Zurich Critical Illness Insurance Products, Services and Solutions
5.13.4 Zurich Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 Zurich Recent Developments
5.14 MetLife
5.14.1 MetLife Profile
5.14.2 MetLife Main Business
5.14.3 MetLife Critical Illness Insurance Products, Services and Solutions
5.14.4 MetLife Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 MetLife Recent Developments
5.15 Dai-ichi Life Group
5.15.1 Dai-ichi Life Group Profile
5.15.2 Dai-ichi Life Group Main Business
5.15.3 Dai-ichi Life Group Critical Illness Insurance Products, Services and Solutions
5.15.4 Dai-ichi Life Group Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 Dai-ichi Life Group Recent Developments
5.16 Sun Life Financial
5.16.1 Sun Life Financial Profile
5.16.2 Sun Life Financial Main Business
5.16.3 Sun Life Financial Critical Illness Insurance Products, Services and Solutions
5.16.4 Sun Life Financial Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.16.5 Sun Life Financial Recent Developments
5.17 Huaxia life Insurance
5.17.1 Huaxia life Insurance Profile
5.17.2 Huaxia life Insurance Main Business
5.17.3 Huaxia life Insurance Critical Illness Insurance Products, Services and Solutions
5.17.4 Huaxia life Insurance Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.17.5 Huaxia life Insurance Recent Developments
5.18 Aflac
5.18.1 Aflac Profile
5.18.2 Aflac Main Business
5.18.3 Aflac Critical Illness Insurance Products, Services and Solutions
5.18.4 Aflac Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.18.5 Aflac Recent Developments
5.19 Liberty Mutual
5.19.1 Liberty Mutual Profile
5.19.2 Liberty Mutual Main Business
5.19.3 Liberty Mutual Critical Illness Insurance Products, Services and Solutions
5.19.4 Liberty Mutual Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.19.5 Liberty Mutual Recent Developments
5.20 HCF
5.20.1 HCF Profile
5.20.2 HCF Main Business
5.20.3 HCF Critical Illness Insurance Products, Services and Solutions
5.20.4 HCF Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.20.5 HCF Recent Developments
5.21 Generali Group
5.21.1 Generali Group Profile
5.21.2 Generali Group Main Business
5.21.3 Generali Group Critical Illness Insurance Products, Services and Solutions
5.21.4 Generali Group Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.21.5 Generali Group Recent Developments
5.22 Royal London
5.22.1 Royal London Profile
5.22.2 Royal London Main Business
5.22.3 Royal London Critical Illness Insurance Products, Services and Solutions
5.22.4 Royal London Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.22.5 Royal London Recent Developments
5.23 Scottish Windows
5.23.1 Scottish Windows Profile
5.23.2 Scottish Windows Main Business
5.23.3 Scottish Windows Critical Illness Insurance Products, Services and Solutions
5.23.4 Scottish Windows Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.23.5 Scottish Windows Recent Developments
5.24 Livepool Victoria
5.24.1 Livepool Victoria Profile
5.24.2 Livepool Victoria Main Business
5.24.3 Livepool Victoria Critical Illness Insurance Products, Services and Solutions
5.24.4 Livepool Victoria Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.24.5 Livepool Victoria Recent Developments
5.25 Vitality
5.25.1 Vitality Profile
5.25.2 Vitality Main Business
5.25.3 Vitality Critical Illness Insurance Products, Services and Solutions
5.25.4 Vitality Critical Illness Insurance Revenue (US$ Million) & (2018-2023)
5.25.5 Vitality Recent Developments
6 North America
6.1 North America Critical Illness Insurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Critical Illness 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 Critical Illness 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 Critical Illness 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 Critical Illness 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 Critical Illness Insurance Market Dynamics
11.1 Critical Illness Insurance Industry Trends
11.2 Critical Illness Insurance Market Drivers
11.3 Critical Illness Insurance Market Challenges
11.4 Critical Illness 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

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