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Critical Illness Insurance Market

Critical Illness Insurance - Global Market Outlook (2019-2027)

4.1 (18 reviews)
Published: August 2020 ID: SMRC19739
4.1 (18 reviews)
Published: August 2020 ID: SMRC19739

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Critical Illness Insurance Market is accounted for $34,560.60 million in 2019 and is expected to reach $123,027.00 million by 2027 growing at a CAGR of 17.2% during the forecast period. Increased demand for critical illness insurance and increase in the number of critical illness cases such as cancer, stroke, and heart attack are the major factor propelling the market growth. However, lack of awareness regarding the insurance policies in underdeveloped and developing countries is hampering the market growth.

Critical illness insurance is a kind of insurance, where the insurer comes in a contract to make a lump sum cash payment if the policyholder is diagnosed with some specific critical disease as a part of the insurance policy. Critical illness insurance is also known as critical insurance cover or dread disease policy.

Based on the product type, the income protection insurance segment is going to have a lucrative growth due to benefits such as childcare benefits, overseas assistance, chronic injury or trauma benefits and elective surgery. Furthermore, income protection insurance also covers rehabilitation expenses that propel its adoption.

By geography, North America is going to have a lucrative growth due to increased adoption advanced technologies like mobile applications; internet of things (IoT) for insurance policies. Surge in awareness of chronic diseases, availability of various critical illness insurance is witnessing the growth of the market in this region.

Some of the key players profiled in the Critical Illness Insurance Market include Aegon, AIG, Allianz, Aviva, AXA, China Life Insurance, China Pacific Insurance, Dai-ichi Life Group, Legal & General, MetLife, New China Life Insurance, Ping An Insurance, Prudential plc, UnitedHealthcare and Zurich.
  
Product Types Covered:
• Medical Insurance
• Disease Insurance
• Income Protection Insurance
  
Policy Types Covered:
• Rider
• Standalone
  
Premium Modes Covered:
• Monthly
• Quarterly
• Half Yearly
• Yearly
  
Age Groups Covered:
• 0-19 Years
• 20-29 Years
• 30-39 Years
• 40-49 Years
• 50-59 Years
• 60+ Years
  
Genders Covered:
• Female
• Male
  
Providers Covered:
• Health Insurance
• Life Insurance

Applications Covered:
• Kidney Failure
• Heart Attack
• Stroke
• Carcinoma in Situ
• Coma
• Coronary Artery Bypass Graft
• Life-threatening Cancer
• Loss of Hearing
• Loss of Speech
• Loss of Vision
• Major Organ Transplant
• Paralysis
• Renal Failure

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary       
        
2 Preface       

 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Application Analysis      
 3.7 Emerging Markets      
 3.8 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Critical Illness Insurance Market, By Product Type       
 5.1 Introduction      
 5.2 Medical Insurance      
 5.3 Disease Insurance      
 5.4 Income Protection Insurance      
        
6 Global Critical Illness Insurance Market, By Policy Type       
 6.1 Introduction      
 6.2 Rider      
  6.2.1 Additional Benefit     
  6.2.2 Accelerated Benefit     
 6.3 Standalone      
        
7 Global Critical Illness Insurance Market, By Premium Mode       
 7.1 Introduction      
 7.2 Monthly      
 7.3 Quarterly      
 7.4 Half Yearly      
 7.5 Yearly      
        
8 Global Critical Illness Insurance Market, By Age Group       
 8.1 Introduction      
 8.2 0-19 Years      
 8.3 20-29 Years      
 8.4 30-39 Years      
 8.5 40-49 Years      
 8.6 50-59 Years      
 8.7 60+ Years      
        
9 Global Critical Illness Insurance Market, By Gender       
 9.1 Introduction      
 9.2 Female       
 9.3 Male      
        
10 Global Critical Illness Insurance Market, By Provider       
 10.1 Introduction      
 10.2 Health Insurance      
 10.3 Life Insurance      
        
11 Global Critical Illness Insurance Market, By Application       
 11.1 Introduction      
 11.2 Kidney Failure      
 11.3 Heart Attack      
 11.4 Stroke      
 11.5 Carcinoma in Situ      
 11.6 Coma      
 11.7 Coronary Artery Bypass Graft      
 11.8 Life-threatening Cancer      
 11.9 Loss of Hearing      
 11.10 Loss of Speech      
 11.11 Loss of Vision      
 11.12 Major Organ Transplant      
 11.13 Paralysis      
 11.14 Renal Failure      
        
12 Global Critical Illness Insurance Market, By Geography       
 12.1 Introduction      
 12.2 North America      
  12.2.1 US     
  12.2.2 Canada     
  12.2.3 Mexico     
 12.3 Europe      
  12.3.1 Germany     
  12.3.2 UK     
  12.3.3 Italy     
  12.3.4 France     
  12.3.5 Spain     
  12.3.6 Rest of Europe     
 12.4 Asia Pacific      
  12.4.1 Japan     
  12.4.2 China     
  12.4.3 India     
  12.4.4 Australia     
  12.4.5 New Zealand     
  12.4.6 South Korea     
  12.4.7 Rest of Asia Pacific     
 12.5 South America      
  12.5.1 Argentina     
  12.5.2 Brazil      
  12.5.3 Chile     
  12.5.4 Rest of South America     
 12.6 Middle East & Africa      
  12.6.1 Saudi Arabia     
  12.6.2 UAE     
  12.6.3 Qatar     
  12.6.4 South Africa     
  12.6.5 Rest of Middle East & Africa     
        
13 Key Developments       
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 13.2 Acquisitions & Mergers      
 13.3 New Product Launch      
 13.4 Expansions      
 13.5 Other Key Strategies      
        
14 Company Profiling       
 14.1 Aegon      
 14.2 AIG      
 14.3 Allianz      
 14.4 Aviva      
 14.5 AXA      
 14.6 China Life Insurance      
 14.7 China Pacific Insurance      
 14.8 Dai-ichi Life Group      
 14.9 Legal & General      
 14.10 MetLife      
 14.11 New China Life Insurance      
 14.12 Ping An Insurance      
 14.13 Prudential plc      
 14.14 UnitedHealthcare      
 14.15 Zurich      


List of Tables        
1 Global Critical Illness Insurance Market Outlook, By Region (2018-2027) ($MN)       
2 Global Critical Illness Insurance Market Outlook, By Product Type (2018-2027) ($MN)       
3 Global Critical Illness Insurance Market Outlook, By Medical Insurance (2018-2027) ($MN)       
4 Global Critical Illness Insurance Market Outlook, By Disease Insurance (2018-2027) ($MN)       
5 Global Critical Illness Insurance Market Outlook, By Income Protection Insurance (2018-2027) ($MN)       
6 Global Critical Illness Insurance Market Outlook, By Policy Type (2018-2027) ($MN)       
7 Global Critical Illness Insurance Market Outlook, By Rider (2018-2027) ($MN)       
8 Global Critical Illness Insurance Market Outlook, By Additional Benefit (2018-2027) ($MN)       
9 Global Critical Illness Insurance Market Outlook, By Accelerated Benefit (2018-2027) ($MN)       
10 Global Critical Illness Insurance Market Outlook, By Standalone (2018-2027) ($MN)       
11 Global Critical Illness Insurance Market Outlook, By Premium Mode (2018-2027) ($MN)       
12 Global Critical Illness Insurance Market Outlook, By Monthly (2018-2027) ($MN)       
13 Global Critical Illness Insurance Market Outlook, By Quarterly (2018-2027) ($MN)       
14 Global Critical Illness Insurance Market Outlook, By Half Yearly (2018-2027) ($MN)       
15 Global Critical Illness Insurance Market Outlook, By Yearly (2018-2027) ($MN)       
16 Global Critical Illness Insurance Market Outlook, By Age Group (2018-2027) ($MN)       
17 Global Critical Illness Insurance Market Outlook, By 0-19 Years (2018-2027) ($MN)       
18 Global Critical Illness Insurance Market Outlook, By 20-29 Years (2018-2027) ($MN)       
19 Global Critical Illness Insurance Market Outlook, By 30-39 Years (2018-2027) ($MN)       
20 Global Critical Illness Insurance Market Outlook, By 40-49 Years (2018-2027) ($MN)       
21 Global Critical Illness Insurance Market Outlook, By 50-59 Years (2018-2027) ($MN)       
22 Global Critical Illness Insurance Market Outlook, By 60+ Years (2018-2027) ($MN)       
23 Global Critical Illness Insurance Market Outlook, By Gender (2018-2027) ($MN)       
24 Global Critical Illness Insurance Market Outlook, By Female (2018-2027) ($MN)       
25 Global Critical Illness Insurance Market Outlook, By Male (2018-2027) ($MN)       
26 Global Critical Illness Insurance Market Outlook, By Provider (2018-2027) ($MN)       
27 Global Critical Illness Insurance Market Outlook, By Health Insurance (2018-2027) ($MN)       
28 Global Critical Illness Insurance Market Outlook, By Life Insurance (2018-2027) ($MN)       
29 Global Critical Illness Insurance Market Outlook, By Application (2018-2027) ($MN)       
30 Global Critical Illness Insurance Market Outlook, By Kidney Failure (2018-2027) ($MN)       
31 Global Critical Illness Insurance Market Outlook, By Heart Attack (2018-2027) ($MN)       
32 Global Critical Illness Insurance Market Outlook, By Stroke (2018-2027) ($MN)       
33 Global Critical Illness Insurance Market Outlook, By Carcinoma in Situ (2018-2027) ($MN)       
34 Global Critical Illness Insurance Market Outlook, By Coma (2018-2027) ($MN)       
35 Global Critical Illness Insurance Market Outlook, By Coronary Artery Bypass Graft (2018-2027) ($MN)       
36 Global Critical Illness Insurance Market Outlook, By Life-threatening Cancer (2018-2027) ($MN)       
37 Global Critical Illness Insurance Market Outlook, By Loss of Hearing (2018-2027) ($MN)       
38 Global Critical Illness Insurance Market Outlook, By Loss of Speech (2018-2027) ($MN)       
39 Global Critical Illness Insurance Market Outlook, By Loss of Vision (2018-2027) ($MN)       
40 Global Critical Illness Insurance Market Outlook, By Major Organ Transplant (2018-2027) ($MN)       
41 Global Critical Illness Insurance Market Outlook, By Paralysis (2018-2027) ($MN)       
42 Global Critical Illness Insurance Market Outlook, By Renal Failure (2018-2027) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.         

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