Global Critical Illness Insurance Market Growth (Status and Outlook) 2023-2029

Global Critical Illness Insurance Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Critical Illness Insurance Industry Forecast” looks at past sales and reviews total world Critical Illness Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Critical Illness Insurance sales for 2023 through 2029. With Critical Illness Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Critical Illness Insurance industry.
This Insight Report provides a comprehensive analysis of the global Critical Illness Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Critical Illness Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Critical Illness Insurance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Critical Illness Insurance and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Critical Illness Insurance.
The global Critical Illness Insurance market size is projected to grow from US$ 20590 million in 2022 to US$ 57370 million in 2029; it is expected to grow at a CAGR of 15.8% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Critical Illness Insurance market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation 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
Segmentation by application
Cancer
Heart Attack
Stroke
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.